A Report on Youth Unemployability in India

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A report on Youth unemployability in India
Youth unemployability appears to be a much bigger problem than unemployment itself. According to a pan-India labour report released by Teamlease, the largest staffing company, about 57% of India's youth suffer from some degree of unemployability, while 53% of the employed youth lack specific skill sets and only 8% of youth are unemployed. “Most students fail to make a mark, they have a degree, but they are not employable. They lack technical and soft skills,” said Kiran Karnic, President NASSCOM. He also adds that the curriculum is outdated in most places and equipments used were obsolete. Students have weak foundations because of which they are not picking up new skills. Picking up new skills can develop only when the people lose faith on conventional wisdom. This sentence may appear arbitrary in the beginning but there is a catch. The new skills can never be picked up unless we promise to unlearn old one. By unemployable, we refer to individuals who have to be trained by the industry in basic skills which they should have acquired through college and university education," said by Manish Sabharwal, Chairman, TeamLease Services. Our institutions are misaligned with demand. We need a modular framework of courses covering a mix of knowledge, skill and work-attitude modules that fit people to high volume vocations and incentivise 'edupreneurs,'" avers Visty Banaji, Executive Director, Godrej Industries. While problems of unemployment are not new, the rise in number of people who are unable to meet the industry's needs due to the failure of institutions to impart career-oriented knowledge and skills-set is a pressing problem, as it can hamper India's double digit growth. The skill deficit hurts more than the infrastructure deficit because it sabotages equality of opportunity and amplifies inequality while poor infrastructure maintains inequality (it hits rich and poor equally)," A recent survey throws light on the problem,...
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