In the age of globalization, knowledge and competition have intensified the need for highly skilled workforce in both the developing and developed nations, as it enables them to accelerate their growth rate towards higher trajectory. For India, skill development is critical from both socio-economic and demographic point of view. Focusing on the need of Skill Development for Leading India, our 15 th Prime Minister Mr. Narendra Damodardas Modi, on 25 September, 2014 in Vigyan Bhawan, New Delhi, chanted the economic mantra—‘Make in India’, which is directly associated with the ‘India Vision’. Mr. Modi unveiled ‘Make in India’ initiative aiming to project India as the manufacturing hub that will fuel India’s economic growth. Such a growth-oriented initiative has lead to the scope for research to find out its implementation, implication and sustainability. Since it is a recently launched initiative, very few researchers have published on the various factors that would be affected by the implementation of ‘Make in India’ initiative. Thus, around twelve research papers have been reviewed for the research of this article. After reviewing various papers, it is inferred that manufacturing from India, by foreign & domestic Industries in various sectors, can generate employment opportunity. Therefore, the Indian labour and prospective employees need to acquire skill and knowledge to gain employability. Thus this article tried to find out the effectiveness of ‘Make in India’, on employability and scope for skill development. It is important to focus on the development of the skills of Indian labour force to become eligible enough to fit in to the industry requirement. After reviewing, it is found that only 10% of the workforce receives formal training to acquire the required skill. But out of the actual industrial training requirement of the 22 million workforces, only 4.3 million of workforces are actually getting formal training. If new job opportunities will be created by ‘Make in India’ project, then there will be higher demand of skilled labour. But it is found that there is a huge gap between these two in India. It is also found that for the successful implementation of ‘Make in India’ initiative, it is also important to implement various skill-development initiatives to lower down the skill gap between the available skills and desired skills.