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India needs to create 10 million jobs every year till 2030 to reduce the growing unemployment in the country, according to a 2018 report by Motilal Oswal. The report also found that India has 36 million underemployed people, which is about 4 per cent of the working-age population.
These findings, coupled with an India Skills Report 2019 report, which found that less than half of India’s students were employable in the organised sector, portend a grim picture that could turn India’s population dividend into a liability.
The good news is that both the public and private sectors are doing something about it. In this issue, we meet Dr Archana Singh (p.24), who is heading the government’s new Skill Saathi programme that has an ambitious target of reaching out to 1 crore youth with free career counselling and psychometric tests.
Considering there are over 2000 kinds of jobs available in a developing economy like India, an endeavour like Skill Saathi can help guide the youth in finding the direction best suited for them, give them hope, and ignite their dreams.
Also meet Meghna Joshi, the young founder of SWAN, a social enterprise that grooms and skills young people to make them employable (p.30). As in every issue, we have many amazing women, and lots of inspiration and indulgence this month too. Read on!