Monday, August 18, 2008

Jobs aplenty...

but whom to employ?
India is gradually entering the league of richest countries in the world, but will its people be as wealthy as the average American and European? As per the Indian Labour Report 2007, 90% of Indian youth are unemployable. While only 8% of the youth are unemployed, 53% have some kind of skill deprivation. With nearly 90% of the jobs in the country being skill orientated and most Indians having some kind of skill deprivation, the whole issue unemployment and employability needs a fresh look.

It is estimated that India needs to allocate about Rs.490,000 crores in order to train its skill deprived workforce over the next two years. The current budget for the same is just 25% of the required amount. Along with monetary allocation, proper academic planning, including technical and vocational training, is essential. Majority of India’s youth are below the age of 35 and this should tip-off the polity that unemployability is a bigger concern than minority reservation. Mere rhetoric would not solve the problem of rural unemployment. Wish the Indian Labour Report had got even an iota of the attention that the Sachar Committee report has been garnering. Until better sense prevails, India’s dream of reaping demographic dividend will remain a dream or daydream at best.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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