Irfan Hamid Official

''You are your own remedy, but you are unaware of it. You are the source of your sickness, yet you are unaware of it. You think of yourself as a tiny thing, but the entire cosmos is contained within you. You are the book of evidentiality, whose alphabet transforms the hidden into the visible. You don't need to search outside of yourself because, if you just think about it, you can find what you're looking for."

Plight of unemployed youth in the developed India:
The issue of youth unemployment has emerged as a central theme in political discourse. The situation is getting worse as a result of the politicization and interpretation of unemployment rates. The problem of youth unemployment is a global one that has major economic, social, and political repercussions for both developed and developing nations. It is one of the Sustainable Development Goals (SDGs) for 2030 that many nations, including India, have adopted. After the International Labor Organization (ILO) and the Institute for Human Development (IHD), New Delhi, released the India Employment Report (IER) 2024 on March 26, 2024, the issue received a lot of attention in India recently. The report underlined India's segment advantage because of its enormous youth populace, as most would consider to be normal to stay for basically one more 10 years. Be that as it may, it likewise featured a squeezing challenge: the high and increasing joblessness rate among youth, particularly those with higher instructive capabilities, and enter the workforce every year. This issue has become a prominent topic in political discussions and debates and has made headlines in national and international media. However, the situation is getting worse as a result of the politicization of the issue and misinterpretation of youth unemployment rates by various commentators and political parties. This article expects to give a nearer examination and understanding of this issue. Young people make up a large portion of India's total unemployed population, but they only make up a small portion of the country's overall youth population. In 2023, only 5% of the country's 361 million total youths and 0.6% of the country's 664 million adults (30 and older) were unemployed. The main point is that, despite the fact that it may appear as though there are a lot of young people in the workforce—both employed and unemployed—who do not have jobs, this number is actually only a small fraction of the total number of young people in the country. As a result, when unemployment is taken into consideration, it becomes abundantly clear that it is primarily a problem affecting young people, who frequently enter the labor market for the first time and face greater obstacles than older adults. A lot more jobs were created for young people between 2012 and 2023 (the most recent decade) than between 2000 and 2012 (the previous decade), despite the surplus of young workers in the labor force. However, a significant rise in the number of young people entering the workforce over the past decade obscured this encouraging trend. The number and rate of youth unemployment rose as a result of this increase in the workforce. In particular, there were nearly twelve times as many jobs for young people created in the most recent decade (7.9 million) as there were in the previous decade (0.7 million). Be that as it may, the expansion in the adolescent workforce was a lot higher in the new 10 years (16.1 million), contrasted with the earlier 10 years (1.6 million). The result was an increase in the youth unemployment rate from 6% in 2012 to 10% in 2023, as the number of unemployed young people increased by more than eight times compared to the previous decade (0.9 million). Over the past few decades, there has been a positive rise in the number of young people with graduate degrees or higher. Nevertheless, despite the fact that more jobs have been created, this has also resulted in an increase in their unemployment rate. This could be due to a mismatch in their skills or an increase in their expectations and goals. Let's look at trends to explain further. Only 5% of young people had a bachelor's degree or higher in 2000. This percentage had risen to 20% by 2023. That is quite a leap! During the earlier ten years, 7.6 million of these profoundly qualified youngsters entered the work market. That number increased to 24.6 million in the most recent decade. However, there is a catch: only 6.5 million of them found employment in the first period, while 17.5 million did so in the second. This increase in the number of jobs for young people with high qualifications should be beneficial, right? However, graduate unemployment also increased, rising from 1.2 million to 7.2 million. Additionally, the joblessness rate among them likewise expanded from 19.9 percent in 2012 to 28 percent in 2023. Therefore, despite the fact that more jobs have been created in recent years for young people with high qualifications, their unemployment rate is still rising. This could be because there are too many young people with high qualifications for the few jobs that are available, their skills don't match what employers need, or jobs are being created, but they often don't meet people's expectations and goals. Additionally, "Educated youth, whether male or female, want stable white-collar jobs," according to the ILO-IHD report. The economy is creating jobs, but not enough of them are in the well-paying public sector or white-collar jobs that high-educated young people want. Additionally, the rapid development of technology had an impact on the demand for certain types of employment and skill. Inaccuracies in employment and unemployment data may result from the fact that the youth participating in emerging new job types are not adequately covered by India's labor market surveys. This is a problem because the job market is being altered and made more complicated by emerging digital technology. For instance, the gig economy and social media platforms like YouTube and Instagram now offer employment opportunities. Young people especially enjoy working in these occupations. Despite the fact that these jobs have become more prevalent since the COVID-19 pandemic, no studies have been conducted to determine their number. Because they haven't been properly defined, these new types of jobs are also not included in the national labor force surveys. Thus, the public work measurements probably won't count every one of the positions that exist, which could cause it to appear as though there are more jobless youngsters than there truly are. Chief Economic Advisor V Anantha Nageswaran stated at the release of the report that the government does not always need to intervene in every social or economic issue. He accentuated that organizations ought to start to lead the pack in recruiting more individuals. He stated, "We must alter our mentality." In common conditions, it's organizations, particularly those engaged with creating a gain, that ought to do the recruiting." "There is room for improvement, and I believe the Government is aware of that," he acknowledged various government initiatives. From the above conversation, we can see that a critical number of occupation has been made for youngsters in ongoing 10 years. However, there are still obstacles to employment for young people, particularly those with graduate degrees or higher, as more are applying for open positions. This issue is also exacerbated by technological advancements, higher aspirations, and skill gaps. In this setting, it's critical to use caution and care when interpreting sensitive data like the youth unemployment rate. By doing so, healthy debates and discussions will benefit, and the national government and other relevant stakeholders will be able to develop appropriate policies for youth job creation.

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