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2023 | OriginalPaper | Chapter

20. Youth Labor Market Challenges in India: Education, Employment, and Sustainable Development Goals

Authors : Jajati Keshari Parida, S. Madheswaran

Published in: India’s Contemporary Macroeconomic Themes

Publisher: Springer Nature Singapore

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Abstract

Indian economy is passing through a critical phase of economic development due to the reversal of its structural transformation. The number of youth joining the labor force after completion of education and training is at the rise. This results in an upsurge in educated youth job seekers and growth of passive unemployment in India. Since the growth of youth population has already started shrinking, urgent measures are necessary to achieve the sustainable development goals. In this context, a structured industrial policy for the promotion of micro- and small enterprises along with infrastructure development and emigration and remittances policies is necessary.

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Footnotes
1
Although at a million and half slower rate than the fall in agriculture and allied sector employment.
 
2
A portion of the self-employment activity which had declined massively during the pre-pandemic periods.
 
3
The projected population for the years prior to 2011–12 is estimated using the monthly growth rates using Census population, 1991, 2001, and 2011. But the later period population data are taken from the Population Projection Report (2019–20) of the Ministry of Health and Family Welfare, Government of India.
 
4
It includes those persons who continued to seek jobs or available for jobs during the entire year or major part of the year preceding the date of survey.
 
5
Youth “Not in Employment, Education and Training (NEET)” minus the size of youth open unemployed.
 
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Metadata
Title
Youth Labor Market Challenges in India: Education, Employment, and Sustainable Development Goals
Authors
Jajati Keshari Parida
S. Madheswaran
Copyright Year
2023
Publisher
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-99-5728-6_20