Increasing Youth Employability

Presented By:

Abhishek Gawande

Palash Thuturkar

Mayuresh Gawhankar

Onkar Asai

Mayur Shahu

G.H. Raisoni College of Engineering ,

Nagpur.

Today’s Youth Tomorrow’s Workforce

• As we know youth is the future trustees of

prosperities. India with an amazing growth rate, the youth force of India is contributing lot to the same.

• It is believed that principal reason behind Indian progress is its youth force, highest in number in the world.

• However, there is a problem. Huge numbers of Indian youth are not only unemployed but unemployable.

Statistics • India churns out tens of thousands of graduates each

year but less than half of them are "employable" or least possess the basic skills necessary for any industry role, says a report.

• Around 47 per cent graduates In India are unemployable for any job.

• Nearly 47 per cent, were found not employable in any sector, given their insufficient English language.

• A recent survey throws light on the problem, problems with the educated youth.

• They are mainly lacking three type of skills. Lacking of communication skill Lacking of analytical skill and problem solving Domain

Current Situation • The unemployment rate per 1,000 population is

at 27, while it was 25 two years ago. • As on January 1, 2010, the number of

unemployed was 9.8 million. By January 1, 2012, it has increased to 10.8 million.

• During 2011-12, economic growth slipped to 6.2% from 9.3% in 2010-11, mainly due to industrial slowdown .The growth rate further fell to decade's low of 5% in 2012-13. This had prompted many companies to cut jobs or freeze hiring.

Causes of Unemployment • Inverse relation of population and job opportunities • Unhealthy policies to attract foreign investors • Inadequate Employment Planning • Defective education system • Decline of Cottage Industries • Concentration on specific metro cities • Fragmentation of land • Reservation policy of central government • Increase in inflation • Increased education expectations • Lack of transport and communication in rural areas. • The decline in organized employment due to the decreased

role of the public sector after liberalisation.

Key to boost Employability

•Improvement in various fields according to requirement of employer •Encouraging education leading to entrepreneurship development •Framing Policies giving reasonable importance to every sector considering national priority •Develop new specialist courses for particular field. •Skill based learning and encouragement for researches. •New and strictly followed rules for colleges, institutes, universities and academies. •Politics free and no profit based educational systems. •Impart top priority to education and health

Key to Boost Employment •Encouragement for enterprises, both government and private. •Special encouragement for rural talent •Make Loan, Land, Electricity, Water available at reasonable cost to industries •Attractive wages for skilled labour •Ideal Industrial waste management to curb pollution •Emphasis on using invaluable IT “Technology” & value education for social upliftment •Amalgamation of trio “Jai Jawan! Jai Kisan! Jai Vidnyan! “ •Encouragement to advanced technology development •Scholarships to economically weaker but talented class •Relaxation in caste reservation mechanism

Solution for Unemployment • Restructure education policy from middle school education, emphasis on

ambition of each student considering inherent qualities. • Education system needs to be improved. It must include about fifty per-

cent on the job training or practical training at every level. • Development activities must be shifted to villages and small cities. • Export of every item need to be increased by increasing the production. • Migration of people to foreign countries, metros and big cities should be

stopped or reduced • The population reduction or control increase the opportunity of

employment • Shifting tax burden to capital intensive firms and away from labour

intensive firms. • Monetary policy and fiscal policy can both be used to increase short-term

growth in the economy, increasing the demand for labour and decreasing unemployment.

Conclusion • By 2020, average age of an Indian expected to be

27, as compared to 37 for china and 48 for Japan, so there is large scope for employment to young generation at proper age by changing policies.

• The process of employment will be easy & strong if dependence on economically talented class rather than cast & creed.

• Considering National & International requirement of human resource , the educational system and industrial development need drastic change to make India the “Golden Bird” again.

“EVERY BIG THING START AS A SMALL!” JAI HIND! THANK YOU!