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Education for a better livelihood
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One of the most common and pressing ills of labour market in India is the degree of 'skill mismatch'.This in turn is presented as the chief problem of the labour market and the main cause of the high rates of open unemployment among the youth. In 2013, 13.3 per cent of the youth between 15 and 29 years were unemployed. The relevance of vocational training to migrant labour is highlighted in the causal link between large presence of youth in the informal sector which in turn is comprised of migrant labour. Prima facie, it can be assumed that a large portion of migrant youth are deprived of any skill-based training and education, blocking entry into formal sector jobs. Given that India has one of the largest workforce in the 28-35 age group, it is imperative to build this wealth in order to realize the potential of the youth. |
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India is expected to be home to a skilled workforce of 500 million by 2022. About 12 million persons are expected to join the workforce every year.Given the nature of industrial strategy adopted, we require a major policy thrust on skill development of youth, especially migrant youth who form a major part of the unrecognized labour force.
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