Training Need Assessment, Social Entrepreneurship and Employment in Informal Sector: Line Drawn from Public Sector and Educational Institution in India

Public Sector Enterprises (PSEs) in India after 1947 were set up as a result of the conscious policy decision. The decision was made in context of the development strategy adopted at the beginning of the planning era with the broad macro-economic objectives of higher economic growth, self-sufficiency in production of goods and services, long term equilibrium in balance of payments and low and stable prices. PSEs have also been known as an intervention for economic development and the larger social gains for by providing employment to people. In 2016, India is prophesied to become the world's fastest-growing major economy. But, despite of these, unemployment still prevails among the youths of the country. Therefore, this study was an attempt to look at solutions to the problem of unemployment. On this basis, the study objective undertook cases from informal sector to find out how they function within the contexts fulfilling the state’s larger social goals. Also, in line with the management intervention, ‘training’, for these youths has been reflected upon through evidences from PSEs. The study was done in two parts. First, it confined itself to formal sector, taking PSEs to gain evidences on how the youths can get the right knowledge, skills and attitude to be employed. Second, the study looked upon for cases on youth run enterprise or action to suffice the study objective. Where, youths of an educational institution in India were focused, as education is a prime source of development for a nation. The study was descriptive in nature following both quantitative and qualitative approaches. Where, social entrepreneurship was found as one answer to the issue, in the interim, the study also discusses training needs assessment as a step in training that needs to be considered in the process and also for future study implications.