Economic Survey Highlights Critical Skill Gap Among Indian Graduates

Monday, 22 July 2024, 08:00

A recent economic survey reveals a significant skill gap in India, indicating that approximately 50% of graduates do not meet the qualifications for employment. Although overall labour market indicators have shown improvement, with the unemployment rate dropping to 3.2% in 2022-23, this finding raises concerns about the preparedness of new entrants into the workforce. Addressing this issue is vital for enhancing employment prospects and driving economic growth in India.
News18
Economic Survey Highlights Critical Skill Gap Among Indian Graduates

Introduction

The latest economic survey presents alarming findings regarding the skill gap crisis among graduates in India.

Key Findings

  • Approximately 50% of Indian graduates are deemed unfit for employment.
  • The unemployment rate has improved to 3.2% in 2022-23.
  • There is an urgent need to address the skills mismatch in the labour market.

Conclusion

While the economic indicators suggest progress, the substantial skill gap must be tackled to ensure that graduates are equipped for the demands of the job market. This effort is crucial for sustaining economic growth and enhancing career opportunities.


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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