What are the key factors contributing to India's multi-faceted unemployment challenge according to Citi report
India’s unemployment challenge is multi-faceted one: Citi report
1.
- Structural issues in the economy, such as a mismatch between the skills possessed by the workforce and the skills demanded by industries.
2.
- Slow pace of job creation in comparison to the growth of the working-age population.
3.
- Impact of automation and technology on traditional job sectors, leading to displacement of workers.
4.
- Lack of robust economic growth and investment, limiting the expansion of employment opportunities.
5.
- Inadequate focus on improving education and vocational training programs to enhance employability.
6.
- Informal economy dominance, leading to lack of job security and benefits for workers.
7.
- Regional disparities in employment opportunities exacerbating the overall unemployment challenge.
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10 months ago