Youth employment in India: dimensions and challenges

Mukherjee, Dipa and Majumder, Rajarshi (2023): Youth employment in India: dimensions and challenges. Published in: Economic and Political Weekly , Vol. 58, No. 44 (4 November 2023): pp. 50-58.

Abstract

India is set to add about one-fifth of incremental global youth population in the next two decades. This relative “greening” of India’s population and workforce is expected to bring down dependency ratio, increase savings rate and investment ratios, boost macroeconomic growth and yield a demographic dividend for the country, but this depends on whether the additional youth workforce finds remunerative and productive jobs. Examining the employment situation of the youth in India, we discover that labour force participation rate and work participation rate are declining, caused mainly by increased participation in education, but the increasing unemployment rate is worrisome.

• Item Type: MPRA Paper
• Language: English
• Keywords: Employment; Youth; Chronic Unemployment; Skill Gap
• Subjects: J - Labor and Demographic Economics > J2 - Demand and Supply of Labor; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J21 - Labor Force and Employment, Size, and Structure; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity; J - Labor and Demographic Economics > J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O15 - Human Resources ; Human Development ; Income Distribution ; Migration

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