Exploring the challenges young Indians face in securing jobs in a growing economy, including low hiring rates and mismatched job demand. The intense competition for government jobs and sacrifices made by candidates. The hardships faced by informal sector workers and the importance of public employment in driving local economies. Tackling youth unemployment rates and the significance of viable farming incomes in India's agriculture sector.
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Quick takeaways
There is a mismatch between the output in services and job opportunities, leading to rising youth unemployment.
Over 80% of India's workforce operates in the informal economy, facing challenges in finding stable employment.
Deep dives
Challenges of Rising Youth Unemployment in India
As India grapples with rising youth unemployment despite being among the fastest-growing global economies, there is a mismatch between the increasing output in services and the limited growth in job opportunities. Recruiters and experts highlight the need for skilled workers who can adapt to technological advancements, indicating a shift towards competency-based hiring. Interviews with college students preparing to enter the job market reveal intense competition, limited job placements, and concerns about job security in the face of delayed hiring and uncertain pay packages.
Struggles of Informal Workers in India's Labor Market
Over 80% of India's workforce operates in the informal economy, lacking job contracts and social security. These workers, often engaged in semi-skilled roles, face daily challenges in finding work and making ends meet. Migration from rural areas to cities in search of employment underscores the struggles of individuals unable to secure stable jobs. Government initiatives focus on boosting local manufacturing and infrastructure projects to provide more job opportunities, aiming to address the plight of vulnerable workers.
Recommendations to Tackle Youth Unemployment in India
To combat rising youth unemployment rates surpassing global levels, economists advocate for strategies to enhance the viability of farming, promote public employment, and support small and microenterprises. Creating sustainable incomes for farmers can stimulate demand, fostering local businesses and generating secondary employment opportunities. Emphasizing the need for more public sector roles and fostering entrepreneurship can help India harness the potential of its young workforce to drive economic growth and curb the trend of skilled individuals seeking opportunities abroad.
India has just finished its marathon elections and as the new government takes charge we take a look at one of its biggest challenges - rising youth unemployment.
With an average age of 29 years, India’s population is one of the youngest globally, but job creation for them hasn’t been easy in this fast growing economy.
The BBC’s Devina Gupta travels to Delhi to talks to students and first time job seekers about this growing job crisis and what can be done to solve it.
Presenter and producer: Devina Gupta
(Image: young men in Delhi waiting for the labour chow. Credit: Devina Gupta)
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