Huge number of Indian youth remain unemployable, says report

Sunday December 26, 2010 12:52:21 PM, IANS

New Delhi: Rapid economic growth in the country is expected to generate 10-15 million jobs by next year but lack of suitable skilled candidates poses a major threat, a leading industry lobby said Sunday.

"Approximately 10 to 15 million jobs are expected to be created by next year, in which 75 percent will require vocational training. If not addressed properly it can lead to a slowdown in the country's economic growth," said a report by the Associated Chambers of Commerce and Industry of India (Assocham).

According to the report, the principal reason behind India's growth is its youth force, the largest in the world. However, millions of young Indians are jobless because they do not receive proper vocational training.

"The huge numbers of Indian youth are not only unemployed but unemployable, whereas large numbers of white collar jobs are waiting for suitable candidates," the report said.

It further said that though 90 percent of jobs in sectors like information technology (IT) and IT Enabled Services (ITES), biotechnology and the services sector are skill-based and require training, only six percent of the total workforce receive such training.

The report also predicted that 2011 will be a boom year for the IT & ITES sector, accompanied by a corresponding rise in salaries.

"The year 2011 is likely to be a boom for skilled workers in IT & ITES, biotechnology and services sectors. As against the 15 percent hike in salaries in 2010, it is expected to be registering 30 to 40 percent growth," Assocham secretary general D.S. Rawat said.

Currently, IT and ITES industry alone provides direct employment to about 2.23 million people and indirect employment to a further eight million.

The report added that this sector in particular will experience a shortage of skilled manpower.

"The employers are trying to catch the highly skilled manpower and the salaries are going through the roof. It is expected that the salaries in this sector will be growing at a par of 30-40 percent during the year 2011," the Assocham report added.

                                           Home | Top of the Page

Top Stories

CBI raids Kalmadi's Delhi, Pune residences, Games office

CBI Friday raided the Delhi and Pune homes of Commonwealth Games Organising Committee chief Suresh Kalmadi as well as the Games office here, two months after the mega event ended amid allegations of major financial irregularities.    »

Suresh Kalmadi's premises raided by CBI

  Most Read

Islamic banking thrives in financial crisis

Islamic banking has emerged as one of the most rapidly expanding sectors of the global financial industry, with expectations that it will play a growing role in the years to come. Banks and financial institutions that comply with Islamic law (sharia) showed   »

The real battle for the idea of India

What's India’s ruling Congress party up to now?

Is it really undergoing a radical metamorphosis or is this yet another clever, little trick out of its ancient bag? When was the last time you had senior Congress leaders hold forth on Hindu extremism being a grave threat to India's security  »

  News Pick

Anarchists behind Rome mail bombs

Package bombs exploded at the Swiss and Chilean embassies in Rome on Thursday, wounding the two people who opened them, in attacks that bore similarities to  »

Kerala Govt to transfer land for AMU Malappuram Dec 28

The Aligarh Muslim University move to establish a state-of-art AMU Centre at Malappuram has received a big push. The Kerala government has acquired a total of 392 acres of land for setting up the AMU Centre and decided to   »

Rights activist Binayak Sen convicted, arrested

Rights activist Binayak Sen, accused of links with Maoists, was Friday convicted for sedition and conspiracy by a Chhattisgarh court and arrested soon after, leaving his family and fellow activists shaken and disappointed.   »

Pope delivers unprecedented Christmas message on BBC

In a first for the Vatican and British broadcaster BBC, Pope Benedict XVI Friday was given a radio slot to deliver a Christmas message   »

A madrassa starts yoga, propagates communal harmony

Shortly after reciting 'Bismillah al-Rahman al-Rahim' from the Holy Quran, hundreds of students at a madrassa here fall in line for their first lesson of the day - yoga taught by a Hindu teacher. Imdadul-Jamia-Uloom Madrassa   »