India Corporate Training Market Size, Share, Revenue & Outlook 2029

 

·      Korea SMEs and Startups Agency (KOSME) has introduced the Korean Corporate Competency Training Program, a specialized initiative designed to equip Indian university graduates with the skills needed to work in Korean companies. This program addresses the increasing need for cross-cultural awareness and corporate expertise as Korean businesses expand globally, with particular emphasis on strengthening their presence in the Indian market.

·       Focus will be on enhancing experiential learning through technologies like AR/VR, the Metaverse, and microlearning concepts. Courses on data and business analytics, AI-ML, cybersecurity, and cloud infrastructure are anticipated to be in high demand.

Rising Demand for Skill-Based Training: The Indian corporate training market is experiencing a surge in demand for skill-based programs, especially in technology, management, and soft skills. Companies are aligning their training strategies with government initiatives like Skill India and National Skill Development Corporation (NSDC) goals. These programs aim to address workforce competency gaps and enhance productivity. From a company’s perspective, upskilling boosts employee retention and efficiency. The government encourages collaborations between corporations and training institutions under Public-Private Partnership (PPP) models to strengthen the labor force and drive economic growth.

Increased Emphasis on ESG Training: Environmental, Social, and Governance (ESG) training is becoming a priority for Indian businesses to meet compliance and sustainability goals. Companies focus on sensitizing employees to sustainability practices, workplace diversity, and corporate governance. With increasing mandates from SEBI (Securities and Exchange Board of India) on ESG disclosures for listed companies, training helps in embedding ESG principles into business operations. The government’s emphasis on green policies, such as the National Action Plan on Climate Change (NAPCC), aligns with corporate strategies, making ESG training essential for maintaining competitive and regulatory edge.

Blended Learning Models: Corporations in India are adopting hybrid training models that combine classroom and digital learning. This trend aligns with the government’s Digital India initiative to promote technology in education. Blended models allow companies to balance cost-efficiency with effective learning outcomes. From an operational perspective, this approach offers scalability, enabling nationwide training for dispersed teams. The government push for improved internet connectivity through BharatNet plays a significant role in facilitating the growth of online training, particularly in semi-urban and rural areas.

Focus on Leadership and Governance Training: Indian companies are emphasizing leadership development programs to build governance capabilities in senior management. This trend is driven by the Companies Act, 2013, which mandates robust corporate governance structures, including board effectiveness and director responsibilities. Training in governance practices is critical for compliance and strategic decision-making. The government initiatives, such as the Insolvency and Bankruptcy Code (IBC), emphasize the need for well-trained leadership in handling business restructuring and resolution processes, ensuring companies remain resilient in a dynamic economic environment.

The report titled “India Corporate Training Market Outlook to 2029- By Market Structure (In-House and Outsourced Trainings), By Training Type (Technical Skills, Soft Skills, Compliance, and Leadership Development), By Industry Verticals (Finance, IT, Manufacturing, Healthcare, and Retail), By Organization Size” by TraceData Research said that the technical sector dominates the market growth as technical trainings are generally given to employees at the start of their professional journey in a company. Due to the pandemic, business operations were shifted to work from home model therefore many employees were on their own due to which they felt the need for technical skills. 

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India Corporate Training Market

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