Tag
#Labour Market
The looming crisis of world unemployment
The 800 million shortage of jobs forecast by the World Bank risks turning the demographic dividend into joblessness and instability. Automation and early deindustrialisation risk weakening growth led by manufacturing. India needs to focus on labour-intensive sectors, MSMEs, care work, food processing, and green manufacturing to transform its young workforce into productivity.
Only 8.25% Graduates Work in Jobs Matching Qualifications: NITI Aayog
NITI Aayog stresses the existence of an acute education-to-employment gap in India, where merely 8.25% of graduates are in occupations that correspond to their education level. With outdated curricula, poor industrial-academic connections and low numbers of apprentices, India needs to adopt a curriculum linked to industries, vocational training and apprenticeship to ensure employability.