Despite having graduation Indian youth faces higher unemployment

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Despite having graduation Indian youth faces higher unemployment

New Delhi: A recent report from the International Labour Organisation (ILO) has revealed that youth unemployment in India continues to be significantly higher than the adult unemployment rate, despite many young people having obtained a higher level of education.

According to the report, the youth unemployment rate in India was estimated at 12.4% in 2022, which is more than 12 times higher than the adult rate of 10.6%. This is a stark contrast to the 5.7% youth unemployment rate recorded in 2000 and the 17.5% rate recorded in 2019.

The report attributes the decline in the youth unemployment rate in 2022 to a considerable increase in the female workforce participation rate, which reduced the unemployment rate among women to 11.8%, while the male unemployment rate remained unchanged at 12.6%.

However, the report indicates that cases of youth unemployment are still more prevalent in urban areas and among those who have completed higher levels of education. The report suggests that the growth in the number of unemployed youths in the urban area is linked to the rising unemployment rate among women.

The high cost of living, rising unemployment, and a lack of job opportunities are also major factors contributing to youth unemployment in India.

The report recommends that the government should promote job creation measures, improve employment quality, and address labour market inequalities by investing in skills development and active labour market policies.

The report also suggests that bringing the knowledge deficits on labour market patterns and youth employment to the attention of policymakers, social partners, civil society, and other researchers will be useful in designing effective interventions to address youth unemployment in India.

The ILO report highlights the importance of addressing the mismatch between the aspirations of educated youth and the available jobs in the market. It emphasizes the need for further action in key policy areas, including promoting job creation, improving employment quality, addressing labour market inequalities, strengthening skills, and implementing active labour market policies.

The report serves as a timely and constructive input for policymakers, social partners, civil society, and other researchers in India, providing valuable insights into the challenges faced by young people in the job market and suggesting potential solutions to address this issue.

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