While we flaunt India's demographic dividend, we ignore the dropping rates of employability
The important aspects we are missing here are :
- Poor education system from bottom to top. The largest part of India's schools is of poor quality.
- The overall quality of the higher education system is well below global standards and it has shown no significant sign of improving.
- Poorly skilled and low levels of employability has led to unemployment and disguised unemployment.
- The poor health, education and social status of population are missed while flaunting India's demographic dividend.
- Poor performance of manufacturing sector.
- Lack of Entrepreneurship in the country.
In order to reap the benefits of demographic dividend, there is an urgent need to increase the employability
The jobs that India desperately needs can come from :
- Industrial and Manufacturing sector: The rapid growth of secondary sector in country by bringing more FDI will generate a great demand for employment. Programmes such as Make in India give more impetus to sluggish manufacturing sector.
- By imparting skill, vocational training, proper education and empowerment of working population. Skill India Mission and Kaushal Vikas Yojana are fulfilling this objective.
- Small and medium enterprises sector can play a key role in creating jobs and high economic growth. SMEs have the potential to provide employment for the exceptionally large labour force that is still working in agriculture. MUDRA Yojana is the right initiative for the revival of SMEs.
- Tourism sector in India has a great potential for generating employment. While 10% of total world jobs come from tourism, in India hardly 4 crore people employed. The industry can enter the Education sector to make people 'work-ready' after they finish formal education.
- Sectors like fishing, horticulture, livestock and animal rearing can also take people out of unemployed status.
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