Dear MEL Topic Readers,
India's young are more educated than ever. So why are so many jobless?
Though young people in India are more educated than ever before, over
20% of them cannot find jobs. In the last three decades, the number of colleges
and universities has risen from 1,600 to 70,000, producing five million
graduates annually. This has narrowed the gender gaps and caste barriers to
some extent, but has not helped the increasing number of graduates secure
aspiring, stable, salaried jobs. Unlike other East and Southeast Asian
countries that have been growing with export-led manufacturing industries to
employ a large number of not-so-educated workers, India’s leading industries
are skill-intensive services like IT and communication, which aren’t producing
as many job opportunities as labor-intensive industries. As a result, hundreds
or thousands of applicants compete for limited job opportunities in government services,
and many graduates have given up their aspirations and taken on family farms or
businesses. When they reach their 30s, will they become financially or
professionally independent from their families to create their own families?
Read the article and learn how India’s young people are struggling to
find jobs.
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