{"id":12729,"date":"2024-03-29T02:56:52","date_gmt":"2024-03-29T02:56:52","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/29\/young-indians-more-likely-to-be-jobless-if-theyre-educated-times-of-india\/"},"modified":"2024-03-29T02:56:52","modified_gmt":"2024-03-29T02:56:52","slug":"young-indians-more-likely-to-be-jobless-if-theyre-educated-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/29\/young-indians-more-likely-to-be-jobless-if-theyre-educated-times-of-india\/","title":{"rendered":"Young Indians more likely to be jobless if they\u2019re educated – Times of India"},"content":{"rendered":"
\"Young<\/div>\n
In India, higher educated young people are more likely to be unemployed than those without any schooling, according to the International Labour Organization.
The jobless rate for graduates was 29.1%, almost nine times higher than the 3.4% for those who can\u2019t read or write, a new ILO report on India\u2019s labor market showed. The unemployment rate for young people with secondary or higher education was six times higher at 18.4%.
\u201cUnemployment in India was predominantly a problem among youths, especially youths with a secondary level of education or higher, and it intensified over time,\u201d the ILO said.
The figures suggest a sharp mismatch between the skills of the labor force and the jobs being created in the market. It also underscores warnings by well-known economists like former central bank Governor Raghuram Rajan that India\u2019s poor schooling will hinder its economic prospects over time.
\u201cYouth unemployment rates in India are now higher than the global levels,\u201d the ILO said. \u201cThe Indian economy has not been able to create enough remunerative jobs in the non-farm sectors for new educated youth labor force entrants, which is reflected in the high and increasing unemployment rate.\u201d
In China, the jobless rate for young people aged 16-24 climbed to 15.3% in the first two months of the year, about three times higher than the 5.3% rate for the urban population.
While the share of young unemployed Indians \u2014 aged 15-29 \u2014 dropped to 82.9% in 2022 from 88.6% in 2000, the share of educated youths climbed to 65.7% from 54.2% in the period, the ILO figures show.
Women are particularly hard hit. They accounted for 76.7% of the educated unemployed youths compared with 62.2% for men, the figures show. Joblessness was also higher in urban areas than in rural parts.
India has one of the lowest female labor force participation rates in the world, at about 25%, the ILO said. The rate improved during the pandemic after a \u201csignificant increase\u201d in subsistence employment, it said.
The report also cautioned about the rise in so-called gig jobs, or temporary and low-paying employment, like food delivery drivers. Digital platforms have blurred the distinction between employees and self-employed individuals, creating new challenges for the well-being and working conditions of workers, the ILO said. <\/div>\n