India's major skilling programme, Pradhan Mantri Kaushal Vikas Yojana (PMKVY), has certified around 1.4 crore candidates between 2015 and 2025. Yet, many young Indians do not see skilling as their first option. Employability and wage gains from vocational training remain low, especially in informal jobs where most workers are employed. India's Gross Enrolment Ratio in education is 28%, with the goal to rise to 50% by 2035. But only 4.1% of the workforce has formal vocational training, a minor increase from 2% a decade ago. By contrast, OECD countries have much higher vocational enrolment, up to 70% in some. The India Skills Report 2025 shows that post-degree skilling is not common among graduates. Experts say skilling must be integrated with formal education to grow. Industry, which benefits from skilled workers, shows limited involvement. Hiring rates see 30-40% attrition in sectors such as retail and manufacturing. Employers prefer private training or referrals over public skilling certifications. Sector Skill Councils (SSCs), designed to set standards and certify readiness, have failed to deliver full accountability. Training, certification, and placement are fragmented, lowering employer trust. Unlike reputable certifications from AWS or Google, SSC credentials lack strong industry recognition. Upcoming reforms aim to hold SSCs accountable for placements. Experts stress that skilling's main hurdle is lack of accountability, not funding. Expanding apprenticeship schemes like NAPS and involving industry more deeply can improve job readiness. Embedding skills in degrees and ensuring SSCs deliver outcomes can turn skilling into a key driver of economic growth and job dignity in India.