The coming job crisis in developing countries: youth’s lack of skills
This survey comes on the heels of the India Labour Report 2007, which does not paint a very pretty picture. It has found that 90 per cent of Indian youth are unemployable. For a country currently experiencing a demographic bulge, with a large part of its population under 35, this is not good news. The majority of quality jobs in India are skill-based, which most young people lack. Only 8 per cent of Indian youth are unemployed, but lack of vocational skills means that more than half of Indian graduates earn less than Rs 75,000 a year.
A major cause of this skill shortage is that only a very small percentage of children who complete the primary level of education continue to the diploma level.
From the article “The future is young”
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