Summary
India has the world's largest youth population with 367 million young people aged 15 to 29, but many are unemployed despite high education levels. A report finds that although many young Indians are educated, there are not enough jobs available for them, leading to high rates of joblessness, especially among graduates.
Key Facts
- India has 367 million young people aged 15 to 29, the largest youth population globally.
- 263 million young people are part of the potential workforce in India.
- Enrollment in higher education increased, with 17% from the poorest households attending college by 2017.
- Graduate unemployment is notably high, with 40% of those aged 15-25 without jobs.
- India's labor market is not creating enough salaried positions, leading to a gap between education and employment.
- Between 2007 and 2017, India's educational reforms increased the number of educated young people entering the labor force.
- Since 2004-05, India has produced about 5 million graduates annually, but only 2.8 million find jobs each year.
- The COVID-19 pandemic saw an addition of 83 million jobs in India, but many were in low-productivity agricultural roles.
