Table of Contents
What are the reasons for youth unemployment in India?
Unequal access to opportunity remains a persistent problem while lack of formal vocational education, high school dropout rates, inadequate skill training capacity, negative perception towards skilling, and lack of industry ready skills even in professional courses are the major causes of poor skill levels of India’s …
What are reasons behind youth unemployment?
Reasons for youth unemployment This is for two main reasons. Firstly, young people often have little or no labour market experience, and frequently lack relevant skills. Secondly, businesses face higher costs of investment and lower costs of termination when employing young workers.
How many youths are unemployed in India?
The unemployment rate in August 2021 stood at 32.03\%, which means almost every third youth in the country is unemployed. If we look at different age segments of 15-19, 20-24 and 25-29 years, their unemployment rates in August were 67.21\%, 45.28\% and 13.24\%, respectively.
Why is educated unemployed a problem in India?
Educated unemployment a Peculiar problem in “urban areas of India because the growth in the industrial and service sector is very low”. Explanation: There is unemployment among technically qualified people, despite a scarcity of technical skills essential for a country’s economic progress.
What is the percentage of unemployed youth in India?
The second thing that the broad numbers hide is that the country’s youth unemployment rate has risen rapidly in the last four years, from 15.66\% in 2016-17 to 28.26\% in 2020-21. Individuals in the age-group of 15-29 are categorized as youth. The employment situation has only grown worse this year.
What percentage of youth is unemployed?
Why India should worry about its educated but unemployed youth?
The high rate of unemployment among the educated is both due to the lack of sufficient jobs and poor schooling as well as the mediocre quality of education on offer at most colleges. This makes large numbers of graduates unsuitable for employment that is commensurate with their degrees.