“While we flaunt India’s demographic dividend, we ignore the dropping rates of employability.” What are we missing while doing so? Where will the jobs that India desperately needs come from? Explain.
Answers
India is experiencing demographic dividend which means large number of population in working age cohort of 15-55 with declining dependency ratio.
This demographic dividend if reaped by economic productive jobs it will contribute significantly to the growth of the nation.
While agriculture contributes only 15% of Indian GDP it employs
more than 50% of working age population, resultant it has caused large number of people trapped in unproductive employment or under employment.
Factors for this dropping rate of employability is :-
✔ Underdeveloped industrial sector in India – which potentially could employ millions.
✔ Development of industrial base on capital goods rather than labour due to competition and quality requirements.
✔ Poor skills of Indian youth make their employability lower.
✔ There is a gap between courses taught in institutions and market needs.
✔ Restrictive labour laws
Solid industrial base is required for growth of both agriculture and service sector.