Unemployement – a serious problem

In India, there are 650 million people under the age of 25, and 845 million are under the age of 35. By the year 2050, there will be 1.08 billion people working there, and with a booming economy comes a lot of employment opportunities, right? What if we told you that just a small percentage of these people are genuinely employable, leading to unemployment? According to the Centre for Monitoring Indian Economy, a think group that conducts research and gathers primary data, unemployment rates in India presently grow with education. One in five college grads won’t have a job by December 2021.According to the World Economic Forum, just one in four management professionals, one in five engineers, and one in ten graduates who enter the workforce each year in India are employable. Given that India has one of the largest labour pools in the world—50% of the population is under 25 years old—the employability dilemma of graduates in the nation is a perplexing issue. There has historically been a preference for academic programmes and jobs in engineering, medicine, accounting, MBA, and other related fields. The demand for unconventional, creative opportunities is rising, though, as a result of the quick development of technology. This gives creative people the chance to turn their passion and interests into rewarding careers like product design and management, game art and design, interior design, and advertising.

By Subhechcha Ganguly