1. EXECUTIVE SUMMARY
3. A BRIEF OVERVIEW OF YOUTH UNEMPLOYMENT
-statistics supporting the unemployment figures
-comparison of India with the rest of the world
4. MY COUNTRY OF CONCERN: INDIA
5. ISSUES: THE WHAT ASPECT
6. PROPOSALS OF ACTION
The main aim of the essay is to draw your attention to the unemployment problems faced by the youth all over the world and this problem gains recognition as financial crisis engulfs the lives of people, young and old alike. The methodology that I have followed focuses mainly on the hurdles that come across the Indian youth in their journey towards a safe future and how India, as a country dominated by people Below the Poverty Line, faces that extra sniff of trouble at the hands of job cuts and layoffs. Many issues like –the ever increasing population growth, poverty, illiteracy, lack of exploitation of natural resources, the method of education, teaching and training, the narrow mindsets of the Indian people that makes employment a far cry- are all explored in greater detail and emphasis. The redressal of these grievances also demanded my attention to put forth certain proposals of action like vocational training, employment schemes like NREGA, participation in Indian Defense, flexibility in approach, Youth oriented workshops, youth development banks and retirement age reforms, which are all vital for the sustenance of young India. The essay has also been peppered with certain key instances and anecdotes plucked out of reality, and this provides a true insight into the face of India that the world knows nothing of. The conclusion that I have recommended is that effective and efficient implementation of revolutionary reforms like the above will certainly be time consuming and may demand a particular degree of focus and a desire for transformation. But if implemented properly, the youth of our nation have the potential to drastically makeover a lusterless India to the “Incredible India” that we aspire to be. INTRODUCTION
“The youth of today are the citizens of tomorrow”-this statement has become clichéd over the years, and has lost its significance with the passage of time. From time immemorial, the young blood that flows through the veins of a country has been given a priceless value and has been treasured and nurtured. Yet, the transitional strifes that we, as X- gen youth face, are countless and as I speak, there are millions of my Indian siblings roaming about the dusty streets of the overcrowded Mumbai and Delhi, trying to survive the day with a square meal. As I do my MBA degree, sitting in the comforts of AC cubicles and comfy classrooms, with my mind set upon the day when I become the CEO of World Bank or Bank of America, my less fortunate peers of the slums of Dharavi try to balance their lives amidst the horrendous poverty that consumes them.
A BRIEF OVERVIEW OF YOUTH UNEMPLOYMENT
“Youth unemployment” has always been a hot topic and still remains the million dollar term of the day. The unemployment rate all over the world has increased from a meager 8% in 1948 to an all time high of 18.5% in 2009 with 4.4 million youth unemployed. An analysis of the employed persons chart shows that 25% of employed youth i.e)4.8 million worked in the leisure and hospitality industry, followed by 20%(3.9 mn)in the retail trade industry, but financially viable sectors like agriculture, wholesale trade, construction, manufacturing, information, mining etc still remain largely unchartered territories as far our generation is concerned. Labor force participation rates for young people have gone down by 4 percentage points between 1993 and 2008. This is an issue demanding serious and immediate attention as it points out to several factors like...