Young Indians More Likely To Be Unemployed If They're Educated, Says Report
NDTV
The jobless rate for graduates was 29.1%, almost nine times higher than the 3.4% for those who can't read or write.
In India, higher educated young people are more likely to be unemployed than those without any schooling, according to the International Labour Organization.
The jobless rate for graduates was 29.1%, almost nine times higher than the 3.4% for those who can't read or write, a new ILO report on India's labor market showed. The unemployment rate for young people with secondary or higher education was six times higher at 18.4%.
"Unemployment in India was predominantly a problem among youths, especially youths with a secondary level of education or higher, and it intensified over time," the ILO said.
The figures suggest a sharp mismatch between the skills of the labor force and the jobs being created in the market. It also underscores warnings by well-known economists like former Reserve Bank of India Governor Raghuram Rajan that India's poor schooling will hinder its economic prospects over time.
