On The Ground

Edubridge: Bridging the Skills Gap in Rural India

India’s demographic dividend is widely acknowledged as a strength that sets it apart from other emerging economies. One million young men and women enter the workforce every month, which will add up to an astounding 240 million over the next twenty years.  Rural youth make up two thirds of India’s population and are a major segment of these job seekers. At the same time, fast growing companies in retail, IT, BPO, banking and financial services struggle with finding employable staff, especially in rural areas.  Research shows that only 5-40% of the staff in such companies has undergone formal training. [Read More]

Why India’s Economic Growth Depends on Vocational Training

India has an enormous population of young people – over half of the 1.2 billion people are younger than 25 years old. Yet, only 2% of its 500 million person workforce has any skills or training. The majority work in the informal sector (90%), where there are few opportunities for education other than what workers ‘pick up’ on the job. This reality limits overall productivity, as well as upward mobility. [Read More]

Letter from Jacqueline Novogratz – Winter 2014

During Chinese New Year celebrations just a few weeks ago, I walked through the streets of New York as colorful confetti mingled with white snowflakes: beautiful fragments, a fluttering, harmonious welcome to the Year of the Galloping Horse. Indeed, Acumen is moving apace. January brought a trip to India; February, Pakistan. Both experiences have reinforced a sense of optimism amidst global challenges. [Read More]