Vocabulary words from The Hindu editorial " Envisioning India as a global skill supplier"

Vocabulary words from The Hindu editorial " Envisioning India as a global skill supplier"

1.  Labour mobility

• Meaning: The ability of workers to move freely across different jobs, industries, or regions.
• Example: "Enhancing international labour mobility will allow Indian workers to access global job markets."

2.  Skill acquisition

• Meaning: The process of learning and developing new abilities or expertise.
• Example: "Skill acquisition programs are essential to prepare workers for overseas employment opportunities."

3.  Migration corridors

• Meaning: Established routes or patterns of movement between specific countries or regions for work or living.
• Example: "India must strengthen its migration corridors with Gulf countries to boost employment opportunities."

4.  Bilateral agreements

• Meaning: Formal arrangements between two parties or nations.
• Example: "Bilateral agreements can facilitate smoother migration and protect the rights of Indian workers abroad."

5.  Human capital

• Meaning: The skills, knowledge, and experience possessed by an individual or population.
• Example: "Investing in human capital will increase India's competitiveness in the global workforce."

6.  Upskilling

• Meaning: Training to enhance existing skills or learn new ones.
• Example: "Upskilling programs help workers stay relevant in rapidly changing job markets."

7.  Remittances

• Meaning: Money sent by workers to their home countries while working abroad.
• Example: "Remittances from migrant workers significantly contribute to India's economy."

8.  Brain drain

• Meaning: The emigration of highly trained or qualified individuals to other countries.
• Example: "Efforts to reduce brain drain focus on creating more high-value jobs within India."

9.  Vocational training

• Meaning: Education or training that equips individuals with specific trade skills.
• Example: "Vocational training is crucial for preparing Indian youth for international job markets."

10.  Economic integration

• Meaning: The process of different economies becoming more closely connected and interdependent.
• Example: "India's focus on economic integration with ASEAN countries can lead to better job prospects for Indian workers."

11.  Stakeholders

• Meaning: Individuals or groups with an interest in the success of a project or initiative.
• Example: "Government bodies, employers, and educational institutions are key stakeholders in skill development initiatives."

12.  Skill mapping

• Meaning: Identifying and analyzing the skills needed for various jobs or industries.
• Example: "Skill mapping helps align workforce training with market demands in destination countries."

13.  Capacity building

• Meaning: The process of developing the abilities and resources needed to perform effectively.
• Example: "Capacity building in technical fields will boost India's global competitiveness."

14.  Demographic dividend

• Meaning: The economic growth potential that arises from a large working-age population.
• Example: "India's demographic dividend presents an opportunity to supply skilled workers to aging economies."

15.  Global competitiveness

• Meaning: The ability of a country or business to compete successfully in the international market.
• Example: "By investing in education and technology, India can improve its global competitiveness."