Youth unemployment climbing sharply in India: Report
Youth unemployment in India is climbing sharply, a development that risks undermining the new darling of the world economy at the very moment it was expected to really take off, local media reported.
In contrast to China, where economists fear there won’t be enough workers to support the growing number of elderly, in India, the concern is there aren’t enough jobs to support the growing number of workers, CNN reported.
While people under the age of 25 account for more than 40 per cent of India’s population, almost half of them – 45.8 per cent – were unemployed as of December 2022, according to the Centre for Monitoring Indian Economy (CMIE), an independent think tank headquartered in Mumbai, which publishes job data more regularly than the Indian government.
Some analysts have desc...