India needs to prioritize skill development and holistic education to narrow the gap between potential and realization. With only 5% of the population formally skilled, graduates are ill-prepared for the competitive job market. The NEP 2020 emphasizes the need for skill-based education to bridge this gap. Formal education has limited impact on job performance, highlighting the importance of on-the-job training. Industries are adapting by implementing managed training services and apprenticeships, while the job landscape is shifting towards specialized skills in AI, ML, sustainability, and information security. Embracing these changes will shape a workforce ready to thrive in the dynamic global economy.
Express e-grocer Zepto raises $200 million in funding, comprising over 81% of the total funding raised by startups in the week of August 19 to 25. Other startups in sectors like ecommerce, software-as-a-service, and healthtech raised $46 million. Fintech led with five deals. In total, startups raised $246 million across 18 funding deals, with early-stage deals being dominant.
