Key insights

• ⚠️ High unemployment rates among youths and graduates in India.
• 💼 Foreign companies profit from the Indian market, but job opportunities for youth are limited.
• 🤝 Unfulfilled promises of job creation by the government.
• 💰 Accusations of citizens seeking government jobs for bribes.
• 📚 Shortage of educational infrastructure, colleges, and universities.
• 💵 Lack of access to medical and engineering education due to limited seats and high fees.
• 🏫 Decrease in engineering college seats to 1.253 million with a high percentage of vacancies.
• 🌐 Global companies like Amazon, Meta, and Twitter engage in mass layoffs as they grow.

Q&A

• What steps are essential for addressing the unemployment challenges in India?

  The government needs to focus on improving education and promoting small businesses. Citizens are encouraged to learn new skills and take initiative in creating jobs. Government intervention is necessary, but individual action is also crucial for economic growth and job creation.

• Why is there a shortage of formal jobs in India despite the presence of skilled workers?

  Many large Indian companies have high market capitalization but employ relatively few people. The formal job sector, including corporate white-collar jobs, is limited, leading to a shortage of jobs despite the presence of skilled workers. The informal sector, including cooperatives and small enterprises, generates a significant amount of employment. The government needs to focus on filling job vacancies and supporting local and decentralized production for job creation.

• How has the manufacturing sector in India been affected, especially during and after the Covid-19 pandemic?

  The manufacturing sector in India has seen a significant decline in jobs, with millions of people losing employment during and after the Covid-19 pandemic. Despite profitable companies, there is a trend of overworking and laying off employees to cut costs. This pattern is not unique to India, with global companies like Amazon, Meta, and Twitter also engaging in mass layoffs as they grow. As companies expand, job growth stalls or declines.

• What are the reasons for the high vacancy rates in engineering colleges and ITIs in India, leading to a shortage of employable engineers and skilled workers?

  Many engineering college seats in India are vacant due to high fees, low-quality education, faculty shortage, and inadequate infrastructure, leading to a lack of employable engineers. Similar issues exist in ITIs, resulting in a shortage of skilled workers across different sectors.

• What are the major issues contributing to the lack of skills among the youth in India?

  The lack of skills among the youth is a major issue in India, with a shortage of job opportunities and limited access to higher education. The demand for professional courses like medicine and engineering exceeds the number of available seats, and high fees make education unaffordable for most families.

• What is the current unemployment situation in India?

  Unemployment is a major issue in India, with 1 out of 3 youths and 29.1% of graduates being unemployed. Foreign companies profit from the large market in India, but job opportunities for youth are limited. Promises of job creation by the government have not been fulfilled. TV news channels often avoid discussing unemployment or defend the government's image, and some accuse citizens of seeking government jobs for bribes.

• 00:00 Unemployment is a major issue in India, with 1 out of 3 youths and 29.1% of graduates being unemployed. Foreign companies profit from the large market in India, but job opportunities for youth are scarce. Promises of job creation by the government have not been fulfilled. TV news channels often avoid discussing unemployment or defend the government's image, and some accuse citizens of seeking government jobs for bribes.
• 03:57 The lack of skills among the youth is a major issue in India, with a shortage of job opportunities and limited access to higher education. The demand for professional courses like medicine and engineering exceeds the number of available seats, and high fees make education unaffordable for most families.
• 07:55 Many engineering college seats in India are vacant due to high fees, low quality education, faculty shortage, and inadequate infrastructure, leading to a lack of employable engineers. Similar issues exist in ITIs, resulting in a shortage of skilled workers across different sectors.
• 12:06 The manufacturing sector in India has seen a significant decline in jobs, with millions of people losing employment during and after the Covid-19 pandemic. Despite profitable companies, there is a trend of overworking and laying off employees to cut costs. This pattern is not unique to India, with global companies like Amazon, Meta, and Twitter also engaging in mass layoffs as they grow. As companies expand, job growth stalls or declines.
• 16:15 Many large Indian companies have high market capitalization but employ relatively few people. The formal job sector, including corporate white-collar jobs, is limited, leading to a shortage of jobs despite the presence of skilled workers. The informal sector, including cooperatives and small enterprises, generates a significant amount of employment. The government needs to focus on filling job vacancies and supporting local and decentralized production for job creation.
• 20:36 The government needs to focus on improving education and promoting small businesses. Citizens are encouraged to learn new skills and take initiative in creating jobs. Government intervention is necessary, but individual action is also crucial for economic growth and job creation.