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Jobs for 18-21 age group not so easy to get any more, shows data

A quarter would be retained for regular service. For this year, the upper age limit has been increased to 23

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As the country got back on track in the aftermath of Covid-19, the year 2021-22 saw more people joining the workforce than had exited.

Ishaan Gera New Delhi
The creation of formal jobs for those in the 18-21 age group in India has declined steadily, sharply eroding this cohort’s share of the net new Employees’ Provident Fund (EPF) accounts opened over the last four years. It is a trend that economists and researchers say might continue.

The data shows the share of this age group in the net EPF accounts created — a proxy for net new formal jobs created — fell from 37.9 per cent in 2018-19 to 24.1 per cent in 2021-22.

 

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First Published: Jul 04 2022 | 6:10 AM IST

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