With 65% of India’s population composed of youngsters facing job deficit, our demographics dictate that infrastructure, social and rural development projects can be one the important role models for solving our humungous job crisis, ensuring a decent livelihood for an additional 120-150 million young people over the next decade, argues S. K. Khanna.
Undoubtedly, the last few years have witnessed the pace of job creation woefully short of demand leading to almost a job famine in the country. This has belied the hopeful expectations of millions of youth who were promised creation of 1 crore jobs a year. No wonder due to this more than 3 crore unemployed youth and over 2 crore under- employed youths are feeling betrayed. Workforce in the country has grown rapidly, but job creation has failed to keep pace. While 26 millions joined the work force only 1.5 million jobs have been created in the last 12 months.
Almost half -way through an ambitious scheme to train 6 millions young people initiated by National Skill -Development Enterpreneurship in 2016, the scheme has failed to make an impact due lack of synergy between various stakeholders denting the job creation efforts. There is no taker of skill ministry’s claim that in the last 17 months it has placed 3,18,000 youths in jobs and self –employment.