Unemployment on the Rise in India: The Problem, Causes, and Solutions

Unemployment on the Rise in IndiaIndia recently reclaimed the tag of “world’s fastest growing economy” from China. With a GDP growth rate of 7.2% in 3rd quarter of FY 2017, India has surpassed every other developing or developed economy by a huge margin. Though it sends a positive message throughout the economy, there is one index on which India’s performance is continuously worsening; that is unemployment. India’s rate of employment has declined steeply, and job creation has not been at par with working-age population.

According to a recent report from Labour Bureau, an attached office under Ministry of Labour and Employment, India has the largest unemployed population in the world. In the inclusive growth index, we are at number 60, far behind our neighbours. (Source: Outlook) 
65% of the Indian population has an average age of less than 35 years. Such a large young population could be our strength if put to employment, which is unfortunately not the case. The unemployment rate in India hit its highest level in March at 6.23%, according to the Centre for Monitoring Indian Economy (CMIE), an independent think-tank. Clearly, the situation is quite distressing.
While we are discussing the declining employment rates, it is also imperative that we discuss its underlying causes as well.

Here are some major factors that are contributing to the rising unemployment in India:
● Alarming growth rate of population
● Ever increasing income inequality
● Lack of technical qualification
● Dependency on underdeveloped agriculture sector
● Reliance on temporary jobs

Solutions, so far Indian government is making efforts to correct the alarming situation of youth unemployment. Various schemes and initiatives like Skill India, Make in India, Prime Minister’s Employment Generation Programme (PMGEP), Pradhan Mantri Rojgar Protsahan Yojana, and Pradhan Mantri Kaushal Vikas Yojana are just some steps taken by government aimed at redressing the current situation. Many Indian corporate houses and conglomerates are also taking charge and doing their bit to team up with these government initiatives and salvage the problem of unemployment in India.

Sardar Kulwant Singh Chadha Skills Academy – a Wave group initiative

Big corporate houses like The Wave Group are planning their CSR activities with a motive to engage youth in skill development activities and train them in employable skills. The Ponty Chadha Foundation has set up Sardar Kulwant Singh Chadha Academy, a world-class skills development academy. Located in Ghaziabad, this institute has a capacity of 120 to 150 students per programme. Keeping in mind the current demand of market, this academy imparts training in security services, facilities management, firefighting and real estate.

Clearly, the only solution to fight unemployment is that government works towards creating jobs and corporates lend a helping hand in training the workforce.

Also, while skill development is crucial, these initiatives should be supplemented by more comprehensive programmes and favourable policies that target the most vulnerable and disadvantaged youth.

Source: http://www.thepontychadhafoundation.org/blog/employment/unemployment-on-the-rise-in-india-the-problem-causes-and-solutions/

Advertisements

How the youth are helping India grow into a superpower

A country is as strong as its people, and India’s youth play a pivotal role in shaping our today as well as tomorrow. In fact, the youth are not just an important resource of knowledge building and wealth, but are also responsible for bringing about social changes and progress.

The way we shape the future generations is how we ultimately shape our coming years. The youth are like fresh clay, and can be moulded in any way. From giving the right education to laying a solid foundation based on moral values and ethics, it is essential that we create the right building blocks in order to empower our youth and lead them on the right path to success and enlightenment.

If you look back in time and dig deep into the historical archives of India, you will see that our youth of yesteryears actively participated in the struggle for freedom and served the nation with their courage, bravery and fervor. Today, we may not be struggling for our freedom, but we do have a long way to go in establishing ourselves as a progressive country that goes beyond the ‘third world’ bracket.

Taking this important cue, The Skills Academy, which is an initiative by The Ponty Chadha Foundation has strived to harness the inherent skills and talent in our youth, who belong to the underprivileged sections of society. The sole aim and overarching vision of The Skills Academy is to bridge the gap between the poor and rich, and to build a society that thrives on equal opportunities and rights.

From teaching the youth on how to be efficient security guards to understanding what it takes to ace housekeeping, The Skills Academy does not only equip the students with the required expertise that can help them earn, but also gives them a way of life that can be sustained and improved in times to come.

In today’s day and age, the youth require a wide access to information and opportune moments that can help them thrive. When the youth understand the importance of empowerment, they automatically uplift the society and become the forerunners for positive change. Let us, hence, take a pledge to pave brighter, positive ways for our youth and help India prosper the right way!

Source: http://www.thepontychadhafoundation.org/blog/employment/how-the-youth-are-helping-india-grow-into-a-superpower/

Youth Empowerment Through Education

Youth Empowerment Through EducationYouth empowerment is the axis on which empowerment of the nation revolves. The youth without education is like a weapon without the necessary ammo. It goes without saying, that education is instrumental for the realization of one’s innate self and fulfillment of goals. Education is so necessary and essential that its absence may lead one onto wrong paths.

The youth must be equipped with relevant skills and must possess an educated mind so as to be an asset to the community and be active contributors for the upliftment of the society. Self-development of the youth is directly tied with that of the society. Therefore, it is essential to provide the youth with the right opportunities, which can harness their potential. Also, in order to enable the youth with the right skill set and knowledge,  it is imperative to improve the quality of the education system. By doing so, we ensure that the products of our educational institutions become critical thinkers, problem solvers and accomplished leaders of tomorrow.

A few unstoppable and empowered Youth Icons

Youth Empowerment Through EducationMalala Yousafzai 

The youngest-ever Nobel Prize laureate, Malala Yousafzai is the face many activists, who fight for the right to education.

 

 

Youth Empowerment Through EducationMark Zuckerberg

This young and super successful entrepreneur’s story is what dreams are made of.

 

 

 

Youth Empowerment Through Education

Sunder Pichai

Born without a silver spoon in his mouth, Google’s CEO has achieved this coveted position on the basis of sheer hard work.

 

 

Youth Empowerment Through Education

Justin Trudeau, Canada

The Canadian PM is one of the most admired world leaders because of his compassionate nature and liberal policies.

 

 

Youth Empowerment Through EducationTanmay Bakshi

The 12-year old whizkid is a pro at programming!

 

 

 

Skill India

In order to remove obstacles and make education accessible to the marginalized sections of our society, various measures are being taken by the government. This includes a dedicated Skill India mission which aims to train over 400 million Indians in different skill sets by 2022.

Various initiatives under this campaign are:

  • National Skill Development Mission
  • National Policy for Skill Development and Entrepreneurship
  • Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
  • Skill Loan scheme
  • Rural India Skill

Taking inspiration from these initiatives, the Ponty Chadha Foundation’s Skills Academy is imparting job-related skills to the underprivileged youth, which makes them financially independent. Here’s a glimpse of their relentless efforts:

Youth Empowerment Through Education