Skill Development and Job Creation
By Ispita Mishra* The term ‘Youth’ as defined by the UNESCO – is “ the period of transition from dependence to independence and awareness of our independence as members of a community ”. India is a young nation with nearly 65 percent of its population under 35 years old [i] . However, this demographic dividend might prove to be dangerous, rather than a boon, as India lacks severely in employment, skills and opportunities. Indian youth can contribute to higher economic growth; their potential must be aided by substantial policy orientation. The sustainable empowerment of youth can be ensured through the four pillars of education, skills and employment, temperamental change and government policy. But the number of jobs created annually is inadequate to absorb this growing population of youth in the labour market. Currently, the youth unemployment rate (15-24 years) is 10.1 percent. 43 percent of India’s youth are not in employment, education or training [ii] . The labour ma...