Class 10
Class 11
Class 12
Case Study
Chapters Covered
Human Capital
Employment
Growth and Development
The high unemployment among graduates could only mean that there is a big gap between what skills individuals have amassed through education and what the industries want.
The latest Periodic Labour Force Survey (PLFS) puts India’s unemployment rate at a 6-year low of 3.2 percent for July-June of 2023 and this has cheered policymakers and markets alike. But dig a little deeper and two disturbing trends within the labour force emerge. much of the increase in employment has come from the self-employed, not the salary class.
Does it mean India lack job creation
A graduation degree doesn’t fetch a job for Indians and in fact, finding employment is easier at lower education levels. The unemployment rate for graduates was 13.4 percent, the highest among various education levels in 2022-23.
The high unemployment among graduates could only mean that there is a big gap between what skills individuals have amassed through education and what the industries want.
Indians are spending on education but are not able to find jobs. Perhaps some of those who find employment do not find high quality ones, given the stagnant wages. India's world-beating GDP growth of India is also jobless growth.
Questions
Q1 How can we increase employment opportunities in India?
Q2 How can vocational training in school can help in providing employment opportunities
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