Write an article in about 150 to 200 words for a business magazine on impact to create employment for the youth of India.
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India has a very large vulnerable jobs share in the overall employment market
Escalating youth unemployment is of serious concern in India. The country’s young population lacks the opportunity to reach their full potential unless a concerted effort is taken by the government to leverage its human capital and transform India to become the workforce supplier of the world. In the wake of rising unemployment and lack of required skills amongst new employees.
The lack of appropriate training and no proper formal education in small towns and cities are also some of the reasons for unemployment. The rural youth needs opportunities to discover their capabilities and an encouraging environment to grow. For this, the government needs to work upon initiatives to educate the rural youth and create awareness about the new and emerging fields. Apart from lack of knowledge, automation in every sector has led to the risk of loss of jobs.
India’s demographic dividend is likely to soar only if adequate capital is invested towards the right training and skill development of the youth. Already huge gaps exist between the industry requirements and the level of skills of workers due to several reasons such as an inappropriate mix of skills and education, outdated curricula, inadequate training infrastructures, limited industry interfaces, limited standards, etc. Skill training should be made mandatory in schools and other educational institutions and it should be viewed as a complementary part of mainstream education.
All these programs are sure to create more employment opportunities and overcome the shortage of skilled employees in the country.