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LATEST NEWS UPDATES | 18.6 million without jobs in India this year, unemployment rate to stand at 3.5 per cent in 2019

18.6 million without jobs in India this year, unemployment rate to stand at 3.5 per cent in 2019

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published Published on Nov 14, 2018   modified Modified on Nov 14, 2018
-India Today

According to its latest report by ILO, India has an estimated 18.6 million jobless in the country this year which will increase to 18.9 million in 2019

Many would argue that the core objective behind education is to gainful employability. They are not far from the truth. Indeed, many organizations that evaluate the return on investment in education do so on the basis of the employability quotient.

The data with regard to India is, unfortunately, quite alarming. According to the International Labour Organisation (ILO), India will again see its unemployment rate at 3.5 per cent in 2018 and 2019, the same which was seen in 2017 and 2016.

According to the latest data, there will be 18.9 million jobless people in India next year a little more than 18.6 million for 2018.

Quality institutions are less in India

The reason behind this is that India has a small number of quality institutions in the country in spite of the growth in the number of higher education providers.

Consequently, getting admission in the prime institutions is an uphill task as they would, naturally, like to maintain a student-faculty ratio that does not impact quality adversely. A large number of self-financed private institutions have mushroomed to cater to the burgeoning demand and lack infrastructure and qualified faculty.

Please click here to read more.

India Today, 9 November, 2018, https://www.indiatoday.in/education-today/jobs-and-careers/story/unemployment-growing-concern-indian-students-1384978-2018-11-09?fb_action_ids=10205644263344042&fb_a


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