Around 65% of India’s population is composed of young people. The Indian economy has a large pool of educated and trained young people. But it is also an established fact that unemployment is growing in India and there is dissatisfaction among the youth.
Dependence on agriculture is decreasing. Fragmentation of land holdings is an important contributing factor. A large section of rural youth is migrating towards urban centres.
At present, there are various options for employment. People can acquire skills and set up his or her establishments or opt for employment in the private sector. Private sector employment is available for skilled personnel but most of the youth do not choose this option. They try to opt for government jobs, which are secured and offer chances of corruption.
Government employment vis-a-vis private employment
Government employment is limited and all young unemployed people cannot be employed by the government. The biggest charm of government jobs is its security. People prefer to take government jobs as it may enable some additional income through corruption, apart from the societal prestige that comes with it. If corruption is eliminated from the system, most will not opt for these government jobs. Rather, they will opt for private jobs with better remuneration. The reservation in government job market is made to be huge issue as there is so much demand for these jobs. Highly qualified candidates are seen opting for menial government employment. The situation will change if corruption is drawn out of the system.
This story is from the April 1 -15, 2018 edition of BUSINESS ECONOMICS.
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This story is from the April 1 -15, 2018 edition of BUSINESS ECONOMICS.
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