The fact remains that the country with over 115 crore population and with estimated unemployment rate of over 9 per cent while its counterparts like Brazil and china have unemployment rate of just 7.4 per cent and 4.2 per cent respectively. Which also means that over 10 crore Indians are unemployed. Horrifyingly, over 60 per cent of the workforce is engaged in agriculture. What is more horrifying is that almost 92 per cent of the workforce is in unorganised sector. And only over 10 per cent have regular employment. With over 389 universities, 16,000 colleges and 1,500 research institutions, India produces more than 2.3 million graduates and about 750,000 post-graduates every year. Sadly, 25 per cent are employable which means that country is having inadequate skill development training programmes.
Solution? It actually lies within the problems itself. India needs to revamp the skill development and training programmes. It needs initiatives to bring more and more workers into the organised sector starting from professionals working in MNCs to rickshaw pullers in the city streets.
Solution? It actually lies within the problems itself. India needs to revamp the skill development and training programmes. It needs initiatives to bring more and more workers into the organised sector starting from professionals working in MNCs to rickshaw pullers in the city streets.
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