Unemployment in India

Let's talk about social problems today and we know that the most dangerous problem that lurks today's society, is the problem of unemployment. There are a lot of reasons behind this particular issue. But at first we need to know some background details about unemployment. 

Unemployment isn't a matter of facts, it is custodian element of third world countries. Not only that; it holds its privileges among many other countries. But in particular I am going to sum up the situation with according to its span in India and all over the world in general.

Now I'm opening my agenda to run over the subject; without further delay~

How unemployment rate is measured - 

At first we have to know how the unemployment rate is measured. The rate of unemployment is a percentage that is calculated by dividing the number of unemployed individuals by the number of individuals currently employed in the work force.

There is 18.6 million people without jobs exists in India in 2018.

18.6 million without jobs in India in 2018, unemployed rate to stand at 3.5 per cent in 2019

• According to its latest report by ILO, India has an estimated 18.6 million jobless people in the country in 2018 which will increase to 18.9 million in 2019 and further in 2020.
• Many would argue that the core objective behind education is to gainful employ-ability. They are not far from the truth. Indeed, many organizations that evaluate the return on investment in education do so on the basis of the employ-ability quotient.
• The data with regard to India is, unfortunately, quite alarming. According to the International Labour Organization(ILO), India will again see its unemployment rate at 3.5 per cent in 2018 and 2019, the same which was seen in 2016 and 2017. Maybe by the impending details it can be said that this per cent will increase in the upcoming years because of the rise of population at alarming rate.
• Though according to the latest data, there will be 19.1 million jobless people in India next year; a little more than 18.9 for 2019, it can be said as presented but not represented.

Quality Institutions are less in India

• The reason behind this is that India has a small number of quality institutions in the country in spite of the growth in the number of higher education providers.
• Consequently, getting admission in the prime institutions is an uphill task as they would, naturally, like to maintain a student-faculty ratio that does not impact quality adversely. A large number of self-financed private institutions have mushroomed to cater to the burgeoning demand and lack infrastructure and qualified faculty.

Lacking Aptitude and Skills

• This impacts pedagogy and the quality of students are literally churned out. As a net result, most of the students are not employable. They lack the aptitude and skills which the employers, particularly in the corporate sector, are looking for.
• They become a drain on the economy and India's, much-touted demographic divided faces the dire prospect of becoming a demographic drawback.
• The big challenge the government faces is how education may be rewired to focus on imparting knowledge that responds to market demand. In Toffler's words "how can education make students future-ready. Unless it does this, education and employ-ability cannot be correlated."
• It would fail to transform lives and create a just and equitable society. Governance, consequently would have failed.

Creating Jobs to Match up to the Employment Rate

• It is worth recalling that a recent report by the World Bank(WB), red-flagged, India asks to create at least 8.1 million jobs a year to match up to the employment rate of the country. This is a monumental asking, especially because over the past decades, education has never truly been a national priority.
• Gainful employment is among the grand challenges that India faces. It is critical for India to develop workforce that would need to address.

Fundamental Shift in Mindset is a dire need

• Jugaad(innovative fixation) is not a response that would help transform India into regional and possibly, global power that it aspires to become. This requires a fundamental shift in mindset.
• At a fundamental level, it requires changing the very DNA of our educational institutions. The focus has to be on pedagogy and on infrastructure. This requires creating space and, indeed, a culture that embraces innovation and research. This is not easy and would be time-consuming.
• While the government has initiated discussion on how this might be achieved, in the interim, it is critical that we do not reinvent the wheel and that we draw on experience that already exist. In a rapidly globalizing ambiance, this is a distinct advantage. It is also an inescapable reality.

Indian Students Opting for International Institutions

• Aspiring Indian students with talent and ability are likely to opt for international institutions that cater to their demand. I refer to this as the push factor; they would be pushed to pursue higher education abroad, simply because India is unable to credibly resolve the demand-supply conundrum in the foreseeable future.
• Furthermore, international education exposes them to global culture and new ways of seeing that Indian education has not even experimented with so far!
• Data demonstrates the growing acceptance of Australia as a preferred higher education destination. There are good reasons for this. At least five of the 33 universities in Australia are in the top 50 of the QS rankings. This was a lesser known fact in India mainly because Indian students were blind-sighted into believing that the US and the UK were the places to go to. Not Anymore!

University of New South Wales, one of the top performing universities for Graduate Employ-ability

• A university like The University of New South Wales(UNSW), for instance, is not only internationally ranked but has a global alumni network of close to 3,00,000 graduates in 146 countries! This opens up an entirely new world of opportunities.
• UNSW has, furthermore, been voted one of the top performing universities for gradute employ-ability with some of the biggest employers, such as, Google, Penguin, Ernst & Young, Microsoft, Rio Tinto, HSBC, Slater & Gordon, NASA, UNESCO, and Oxfam.
• Higher education collaboration has emerged as a major pillar in India-Australia collaboration and consequently, internationally-ranked Australian universities are engaging in partnership projects to address India's developmental and inspirational challenges.
• These range from waste management to sustainable housing, from photovoltaic to e-vehicles, from smart transport to artificial intelligence. And, so much more.

Open days: And event bringing Technology and Humans together

• To experience UNSW, while in India, visit the Open Days that bring together the magic of technology and human counseling to create the future of employ-ability. Never has an event like this has been created in India by any international university before.
• All students need to register online for the events, to be held in Delhi, Chennai, Pune and Mumbai for the experience that could change their lives.

So thus goes the unemployment problem of India; a throughout visualization and the solutions which are in a nutshell, maybe helping the issue to turn into a conclusion. Now let us know what are your thoughts about this matter and please use the comment section for this. I hope this article maybe be a lot more informative for you than other detailed one. Thank you! Until Next Time ~