Employment
At present the unemployment
situation in the country is alarming, with 4.7 crore youth (between 25 and 34
years of age) unemployed. Further it is notable that there are more than 350
millions of young people who are ready to enter the job market in next few
years. If not managed the so called demographic dividend may turn out to be curse
for the economy. And there is only way to decrease unemployment rate and
increase opportunities for jobs for young people.
Skill Building
India at present can use the opportunity of the large number of Chinese
labour force and their rising wages to establish itself as a low cost
manufacturing hub for the world. This will help us to increase share of
manufacturing sector in GDP and provide more employment opportunities to
millions of youth. But for this it is important that government put basic infrastructure
and policy in place for training and skill building and if India wants to achieve higher growth rate and gain for demographic profile, it cannot do
without proper and efficient skill building strategies. It must be ensured by
the government that the training institutes are providing contemporary vocational
skills and there is flexibility in curriculum, recruitment of teachers, their
salaries and placement of their students so that training institutes can adjust
according to needs of the market.
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