Knowledge Bank - Lok Bharti

Knowledge Bank

Knowledge Bank

Annual Report

2014-15

We hereby present Lok Bharti’s first Annual Report introducing Lok Bharti Group, what we stand for, our initiatives and highlights of our work during the Financial Year 2014-15.

E-Skill Development

National Council on Skill Development

Nations with high skill capital tend to be prosperous from the perspectives of both GDP and per capita
income. Higher national prosperity also manifests in better quality of life for citizens and growth in human
development index. As an economy evolves from being factor and commodity centric to knowledge
centric, growth becomes increasingly predicated on availability of skills. However, skills have to be
marketable and relevant resulting in economic value, otherwise there may be an abundance of skilled
people with sub-optimal employment resulting in the ‘skilled unemployed’ conundrum.