Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: The Magical Wand of Skill Creation for a Sustainable Jammu and Kashmir Economy
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Opinion > The Magical Wand of Skill Creation for a Sustainable Jammu and Kashmir Economy
Opinion

The Magical Wand of Skill Creation for a Sustainable Jammu and Kashmir Economy

RK News
Last updated: September 22, 2023 10:20 pm
RK News
Published: September 22, 2023
Share
8 Min Read
SHARE

NAZIMA MIR |DHAAR MEHAK M

 

Skills are the alchemists of the modern world, the mystical keys to unlocking the treasures of economic growth and social development. They empower individuals to wield their knowledge with grace and precision, transforming mere information into action. In a world that dances on the edge of constant change, skills are the performers who steal the show, captivating audiences with their adaptability and prowess.

 

Imagine a world where countries with superior skills emerge as agile chameleons, effortlessly adapting to the ever-shifting landscape of the global workforce. In this world, skill development isn’t just a notion; it’s a living, breathing entity fuelled by a robust national system and the unwavering commitment of quality-assured industries. This world isn’t a distant dream; it’s the reality we aspire to create.

 

We find ourselves in an era where education takes centre stage, a beacon of hope illuminating the path for the next generation. An effective elementary education system becomes the cornerstone, chiselling young minds to possess the essential academic, cognitive, and social skills. These skills, like seeds sown in fertile soil, sprout into the towering trees of future success.

 

Skills aren’t solitary warriors; they complement other elements such as innovation and enterprise, conjuring the elixir of productivity. For businesses, the journey into the future is paved with uncertainty, but a skilled workforce becomes their guiding star. It is the synergy between people’s skills, knowledge, abilities, and creativity that sparks the flames of productivity and fuels the furnace of economic prosperity.

 

In the grand orchestra of economic development, human resources are the maestros, the conductors who orchestrate the symphony of progress. This vast ensemble of humanity, referred to as the “human resource,” transforms other resources into productive forces. Human capital, the investment in personal skills and abilities, ignites the engine of individual welfare and propels the chariot of economic productivity forward. Education, training, and healthcare serve as the potent spells that fortify this investment.

 

Amartya Sen, the luminary of economics, philosophy, and moral contemplation has given special attention to the importance and significance of skills in the modern-day world context. He unfurls a tapestry where human freedom unfolds as the primary goal of development. By presenting individuals with multitude of choices, development becomes the alchemist’s brew that amplifies human potential, offering riches beyond measure.

 

 

 

Now, let’s journey to Jammu and Kashmir, a Union Territory nestled in India’s northern embrace. It’s a global tourist magnet, where over 54% of the population is under the age of 25, making it one of India’s youthful gems. Yet, a startling statistic casts a shadow: a mere 2% of the workforce is properly skilled, a dismal figure in comparison to its peers. In the grand economic theatre, this disparity raises the curtain on a sombre tale.

 

A robust private sector is the pillar upon which many states lean, but Jammu and Kashmir lacks this vital support. The youth, like explorers navigating uncharted waters, are drawn towards the coveted government positions, a perpetual cycle that exacerbates the burgeoning unemployment crisis.

 

Despite promises of external investment flowing into the region, the river remains dry. It’s a tale of supply and demand in tumultuous balance. The government struggles to produce enough job opportunities, while professionals entering the workforce lack the requisite skills. It’s a dance of discord that leads to soaring unemployment rates and plummeting employability.

 

In the backdrop of this economic turmoil, an aging population in other states stands as an ominous cloud on the horizon. This demographic shift threatens to further tip the balance, potentially plunging the market into deeper disarray.

 

The Centre for Monitoring Indian Economy (CMIE) paints a grim picture, revealing a staggering 25% unemployment rate in Jammu and Kashmir, dwarfing the national average of 7.6% across India. The government, hopeful of attracting over Rs 20,000 crore in investment through the industrial development scheme, has taken steps to ameliorate job creation, but the skill development conundrum persists, an intricate puzzle at both micro and macro levels.

 

In our formative years, we ingest theoretical knowledge, but the art of wielding that knowledge into skills remains a neglected facet. In Jammu and Kashmir, the literacy rate stands at 77.3%, a commendable figure. However, a deeper look reveals a gender disparity, with male literacy at 85.7%, significantly outstripping female literacy at 68%, lagging behind the national average of 70.3%.

 

Jammu and Kashmir, like a phoenix, is rising from its ashes. The Government of India’s approval of the New Industrial Development Scheme, with a budget of Rs. 28,400 Crore, promises to breathe life into the industrial and service sectors, catalysing economic growth. However, the UT remains resistant to change, clinging to the familiar even as the world evolves around it.

 

The majority of the people in Jammu and Kashmir rely on the government for sustenance, a dependence that perpetuates problems. Any endeavour aimed at revitalizing the economy becomes a subject of intense scrutiny, like the Kashmir film city project and the smart city initiative, which, though promising, faced mismanagement. The mantra “something is better than nothing” may resonate, but in Jammu and Kashmir, it often translates to inaction over action.

 

The goal of skill development is a clarion call, a challenge to alter perspectives and shatter the chains of dependency. Opportunities aren’t gifts bestowed; they are created by the bold and visionary. In a world where change is the only constant, Jammu and Kashmir must seize the reins of transformation. Instead of waiting, it’s time to forge their destiny, sculpting a brighter future with their own skilled hands. The wand thus lies in the hand of policy makers who need to exercise the Mantras and put in place the system of skill formation, creation and the eventual utilization.

 

 

(The authors are affiliated with the Department of Economics, Islamic University of Science and Technology, can be reached at [email protected] )

Mohammad Shafi Pandit (IAS): An Eternal Role Model
Veterinarians for Climate Change: Safeguarding Our Planet
Blind Faith and the Gruesome Consequences
A Language in Dire Straits
The Rise of Distance Education in J&K: A Double-Edged Sword

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Srinagar Food Safety Teams inspects City Markets on the eve of Eid-e-Milad un Nabi (saw)
Next Article Promoting Entrepreneurship for Social Transformation
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Tourism comes to grind halt in Sonamarg after Pahalgam terror attack
Kashmir
May 29, 2025
SKUAST-K to establish advanced reproductive biotechnology centre to enhance animal breeding
Kashmir
May 29, 2025
DC calls for intensified action against drug abuse at NCORD review in Gbl
Kashmir
May 29, 2025
Shikara operators continue to ignore mandatory safety protocols
City
May 29, 2025

Recent Posts

  • Tourism comes to grind halt in Sonamarg after Pahalgam terror attack
  • SKUAST-K to establish advanced reproductive biotechnology centre to enhance animal breeding
  • DC calls for intensified action against drug abuse at NCORD review in Gbl
  • Shikara operators continue to ignore mandatory safety protocols
  • IUST partners with government for building safer J&K

Recent Comments

  1. BASHIR AHMAD BHAT on Poor hotel accommodation, lack of medical facilities irk Kashmiri pilgrims in Saudi Arabia, video goes viral
  2. sree vishnu movies on Pahalgam attack shatters Kashmir’s film tourism revival
  3. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  4. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  5. dr gora on Women Veterinarians and the Goal of Viksit Bharat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?