The latest data released by the International Labour Organization (ILO) has claimed that the job situation in India was dire, particularly for young people. The government has refuted this data. According to an ILO report, youth make up around 83% of India’s unemployed labor force.
The survey also revealed that in 2022, the percentage of young people without jobs who are educated increased from 54.2% to 65.7%.
According to the UN survey, this suggests that youth unemployment in India is becoming a more concentrated issue, particularly among educated youth living in metropolitan areas.
Anurag Thakur asserted that the information provided by Indian authorities showed a different picture of the employment scenario in India than what has been projected by the UN survey.
Speaking at the NDTV Yuva Conclave, Thakur stated that 64 million people have registered with the Employees’ Provident Fund Organization (EPFO). He asserted that the figure was greater than the populations of Australia, New Zealand, and many other nations combined.
Also Read: India projects military power as Indian Navy deploys 11 submarines
He claimed that jobs are being created in addition to the 34 crore mudra loans that were disbursed. From being job searchers, they are now job providers.
Speaking in detail about the ILO study, he stated that although India had previously relied on foreign rating organizations, it should now use data from domestic agencies that are now comparably qualified.
According to Thakur, because we have always relied on foreign ratings, we still operate with a slave mentality.
“We must overcome it and have faith in the institutions in our nation,” he asserted.
Prime Minister Narendra Modi, according to the Union Minister of Youth Affairs, has also implemented laws to support entrepreneurs since assuming office in 2014, which is an additional means by which the government is creating jobs.
People no longer hesitate to establish a new business.
“I have encountered numerous individuals who attended esteemed universities, secured employment abroad, returned to India, and are currently managing start-ups here,” he remarked.
According to an ILO report, India could add 70–80 lakh youth to the labor force in the next ten years if it focused on five policy areas: creating jobs, improving the quality of jobs, addressing labor market inequality, bolstering the policies and skills of the active labor market, and filling in the knowledge gaps on youth employment and labor market patterns.
Prime Minister Narendra Modi, according to the Union Minister of Youth Affairs, has also implemented laws to support entrepreneurs since assuming office in 2014, which is an additional means by which the government is creating jobs.
People no longer hesitate to establish a new business, Thakur claimed.
“I have encountered numerous individuals who attended esteemed universities, secured employment abroad, returned to India, and are currently managing start-ups here,” he remarked.
