Why is joblessness rising in the country despite education levels
An IIM study highlights the issue of increasing joblessness in India even among the educated population.
- **Skill Mismatch**: The skills learned through education may not align with the needs of the job market, leading to a mismatch between job seekers' qualifications and employers' requirements.
- **Limited Job Opportunities**: The rapid growth of the educated population has outpaced the creation of sufficient job opportunities in the market.
- **Slow Economic Growth**: The sluggish economic growth in recent years has impacted job creation, especially for educated individuals seeking opportunities in their respective fields.
- **Automation and Technology**: Automation and technology advancements have replaced certain job roles, leading to a decrease in demand for labor in some sectors.
- **Lack of Industry-Academia Collaboration**: Limited collaboration between educational institutions and industries has resulted in graduates lacking practical skills needed in the job market.
Answered
a year ago