There is high unemployment in India due to a lack of skills matching market demands, jobs being centralized in major cities, and a lack of confidence from not believing in hard work. Additionally, poor public policy that does not create meaningful jobs, cronyism over merit, macro disruptions, and a failure to adapt to technological changes all contribute to unemployment. Conventional approaches like getting more degrees without skills, subsidized public sector jobs without market skills, and accelerators that only help urban youth have not been effective long term solutions to the problem of unemployment.
There is high unemployment in India due to a lack of skills matching market demands, jobs being centralized in major cities, and a lack of confidence from not believing in hard work. Additionally, poor public policy that does not create meaningful jobs, cronyism over merit, macro disruptions, and a failure to adapt to technological changes all contribute to unemployment. Conventional approaches like getting more degrees without skills, subsidized public sector jobs without market skills, and accelerators that only help urban youth have not been effective long term solutions to the problem of unemployment.
There is high unemployment in India due to a lack of skills matching market demands, jobs being centralized in major cities, and a lack of confidence from not believing in hard work. Additionally, poor public policy that does not create meaningful jobs, cronyism over merit, macro disruptions, and a failure to adapt to technological changes all contribute to unemployment. Conventional approaches like getting more degrees without skills, subsidized public sector jobs without market skills, and accelerators that only help urban youth have not been effective long term solutions to the problem of unemployment.
• Lack of skills – skills don’t match the market demands or skilled
people don’t have information to relevant opportunities
• Centralization of jobs in Tier-1 cities – Geographical constraints
makes it difficult for meaningful work to be available at all places
• Lack of believe in hard work leading to low confidence – nature of
being dependent has lead to people doubting their own capabilities even before actually trying at the first place External factors to Youth Unemployment • Poor Public Policy - Election speeches of creating meaningful work never really translate to ground reality
• Cronyism, Favoritism, and Corruption – Productive work is hardly
• Technological Disruption – Need to adapt to the technological
changes and evolve more efficiently Conventional approaches that don’t work • More degrees only coming in – Knowledge and not degrees give you sustainable employment
• Subsidized public sector jobs – Without relevant market-skills, these
are only illusions on a long term basis
• Accelerators and incubators – Only tech people or people in cities are
accessing it, Youth in rural areas still not reachable