Dear Nikhil S Gurjar, nice to see you after a long while. You have made two important statements. Of the two, one is in the heading itself. It reads, "What Are The Reasons For The Decline Of Technical Training Budgets In Organizations?"
The second statement is in the main body of your post. It reads, "Most companies today stress on Soft Skill Training Programs. This trend reversal has occurred in the past 10-12 years."
Rather than replying to the statements, the question arises: what is the source of your information? Did you conduct any kind of survey? If conducted, then what was the sample size and was it specific to any industry or across the spectrum of industries?
To reply to your question, let me quote from my experience that there is a discernible shift in the mindset of employers per se. Companies continue to spend the largest chunk of their training budget on technical training programs. Soft skills training programs just consume 10-20% of the training budget. Be it the IT industry or real estate industry, this is the scenario.
Other senior members, who are into training or HR and also allocate a budget for training, can reveal their experience.
Thanks,
Dinesh Divekar