How is India addressing the issue of unemployment among the youth and promoting job creation

India has been taking several measures to address the issue of unemployment among the youth and promote job creation. Some key initiatives include:
  • Skill development programs: The government has launched various skill development programs like Skill India and Pradhan Mantri Kaushal Vikas Yojana to enhance the employability of the youth by imparting industry-relevant skills.
  • Startup ecosystem: The government has introduced schemes like Startup India and Standup India to promote entrepreneurship and encourage startups. These initiatives aim to create job opportunities by supporting and facilitating the growth of innovative and technology-driven enterprises.
  • Foreign direct investments: India has been actively attracting foreign direct investments (FDIs) by easing regulations, improving ease of doing business, and offering incentives to multinational companies. These investments contribute to job creation in various sectors.
  • Rural employment schemes: Programs like Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) provide wage employment opportunities to rural youths to mitigate the problem of unemployment in rural areas.
  • Industry collaboration: The government is encouraging collaboration between industries and educational institutions to bridge the gap between skill requirements and education. This helps in creating a workforce that is better aligned with industry needs.
  • Infrastructure development: India has been focusing on infrastructure development projects, such as the construction of roads, railways, and ports. These projects not only create job opportunities in the construction sector but also support overall economic growth.
These measures collectively aim to address the issue of youth unemployment and promote job creation in India.
Answered 2 years ago
Amrita Aspirants