India symbolises a remarkable growth story for the world and features as a bright spot in today’s otherwise subdued global economy. Predicted to grow at 7.5 – 7.7 per cent, per annum, India is expected to sustain its position as the world’s fastest growing economy for many years to come. ‘Skill India’ is the most important initiative of Prime Minister Narendra Modi’s flagship initiatives to sustain this growth story. This paper explores the impact of formal employment due to this growth and its impact of skill education. Later it gives a snapshot of the current skill education system in India and a quick assessment of skill training and delivery models from different parts of the world. It concludes with some suggestions for re-engineering the skill ecosystem in India.