 "Joblessness among India's minorities increased in 2023-24 (July-June) on a yearly basis despite an unchanged unemployment rate for the country for the first time in five years.")
Even as new emerging technologies transform the employment landscape, India is focusing on equipping its workforce with the skills needed for emerging industries to achieve its ‘Viksit Bharat by 2047’ vision. However, a recent report by online talent assessment platform Mercer-Mettl paints a grim picture of Indian graduates’ employability.
While the unemployment rate for those aged 15 and above declined by almost half between July-June 2017-18 and 2023-24, the youth unemployment rate (in the 15-29 age group) also declined at a double-digit rate, though not as steeply. More recently, while overall unemployment rate remained intact during 2023-24 compared to the
