Rising Youth Unemployment and Slowing IT Sector Growth in India

Thursday, 4 April 2024, 03:53

Youth unemployment in India saw a significant increase in the October to December period, particularly affecting the 20 to 24 age group. The behemoth IT sector, a significant source of employment, is experiencing a slowdown, exacerbating the job crisis. The unemployment rate rose to 44.49% among youth, highlighting the urgent need for intervention and policy changes to tackle this pressing issue.
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Rising Youth Unemployment and Slowing IT Sector Growth in India

Rising Youth Unemployment Concerns in India

In the October to December period last year,

Key Statistics:

  • Unemployment rate among Indian youth aged 20 to 24 rose to 44.49%
  • An increase from 43.65% in the previous quarter

The slowdown in India's prominent IT sector has contributed to this problem, creating challenges for job seekers.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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