Project Résumé
No education and no skills means only one thing. No Future.
800 million
current population under 35 years
12 million
number of people joining the workforce every year
5.5 million
new jobs added every year
This gap of 6.5 million unemployed youth is only growing with every passing year – a condition compounded by two major problems.
The Education- Employment Paradox
Today, the average unemployment rate in India is 2.6%. But the solution does not lie with higher education alone, as the numbers prove below.
7.4%
Diploma or Certificate Holders
8.7%
Graduates
8.9%
New jobs added every year
A fruitless vocation
While there are several vocational training initiatives offering short-term courses to young school dropouts, including those backed by the government, they do not necessarily improve employability.
Studies show that only a small fraction of this group retains jobs for more than a year. Further, hampered by a lack of formal education and the required soft skills, many fall behind on their career progression.
Between an education system that imparts knowledge but doesn’t help secure a job, and a skilling environment that guarantees jobs but not long-term careers, the Indian youth find themselves in a vulnerable position.