Education is a primary factor for a development of a person, but skill-based education is the biggest need of the hour. As India aspires to become a major economic power in the world there is a huge scope for progress in the skill development segment. Today India is known as the youngest country in the world with the major population is below the age of 35. Despite this, India has only 2% skilled workforce compared to South Korea with 96%, China with 45%, the USA with 55%, and Germany with 74%. These figures clearly demonstrate why India rigorously need a skilled based education to move in the direction of becoming a major economy in the world.