Posted 3/26/2024, 4:30:00 PM
India's Educated Youth Face Mounting Unemployment Crisis Despite Economic Growth
- India's youth make up 83% of the unemployed workforce; share of educated youth among unemployed has doubled since 2000
- Youth employment increased 2000-2019 then declined in pandemic; educated youth saw much higher unemployment
- Labor force participation rate, worker ratio, unemployment rate deteriorated 2000-2018; improved after 2019
- 90% of workers remain in informal work; contractualisation increased, few have social protection
- Large gender gap persists; scheduled castes/tribes lag in access to quality jobs despite targeted policies