• Latest
  • Trending
Image credits - Ravi Sharma / Unsplash

India is sitting on a time bomb’: Jobs crisis looms as population soars

January 18, 2023
That Wonder Woman Called Waheeda Rehman

That Wonder Woman Called Waheeda Rehman

September 30, 2023
Is Canada becoming the “new Pakistan” for India

Is Canada becoming the “new Pakistan” for India

September 29, 2023
Maldivians vote today in Presidential runoff election

Maldivians vote today in Presidential runoff election

September 30, 2023
Over 50 killed in blast at Pakistan rally to mark prophet’s birthday

Over 50 killed in blast at Pakistan rally to mark prophet’s birthday

September 29, 2023
Sri Lanka Cricket (SLC)

WATCH: Sri Lanka Vs Bangladesh World Cup warm-up match (Live)

September 29, 2023
China

What China’s economic problems mean for the world

September 29, 2023
Haikun: Taiwan unveils new submarine

Taiwan unveils new submarine to fend off China

September 29, 2023
Cricket World Cup 2023

All the squads for ICC Men’s Cricket World Cup 2023

September 29, 2023
Anniversary of India-Lanka Technical Cooperation Programme celebrated

Anniversary of India-Lanka Technical Cooperation Programme celebrated

September 28, 2023
China presents its blueprint for a better world

China presents its blueprint for a better world

September 28, 2023
Saga of the takeover of Kandy seen through British eyes

Saga of the takeover of Kandy seen through British eyes

September 28, 2023
China presents its blueprint for a better world

China presents its foreign policy blueprint

September 28, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Saturday, September 30, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Is Canada becoming the “new Pakistan” for India

    Is Canada becoming the “new Pakistan” for India

    Maldivians vote today in Presidential runoff election

    Maldivians vote today in Presidential runoff election

    Over 50 killed in blast at Pakistan rally to mark prophet’s birthday

    Over 50 killed in blast at Pakistan rally to mark prophet’s birthday

    Sri Lanka Cricket (SLC)

    WATCH: Sri Lanka Vs Bangladesh World Cup warm-up match (Live)

    China

    What China’s economic problems mean for the world

    Haikun: Taiwan unveils new submarine

    Taiwan unveils new submarine to fend off China

    Cricket World Cup 2023

    All the squads for ICC Men’s Cricket World Cup 2023

    Anniversary of India-Lanka Technical Cooperation Programme celebrated

    Anniversary of India-Lanka Technical Cooperation Programme celebrated

    China presents its blueprint for a better world

    China presents its blueprint for a better world

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    China

    What China’s economic problems mean for the world

    Haikun: Taiwan unveils new submarine

    Taiwan unveils new submarine to fend off China

    Saga of the takeover of Kandy seen through British eyes

    Saga of the takeover of Kandy seen through British eyes

    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

    Nepal

    Nepal breaks several T20I world records in Asian Games

    ICC Men’s Cricket World Cup

    How has ODI cricket changed since 2011?

    More than 100 dead, 150 injured in Iraq wedding fire

    More than 100 dead, 150 injured in Iraq wedding fire

    Biden’s campaign team to prevent him from falling

    Biden’s campaign team to prevent him from falling

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

    Barbie

    Lebanon bans ‘Barbie’ movie

    How I came to love ‘Oppenheimer’ and still detest the bomb

    How I came to love ‘Oppenheimer’ and still detest the bomb

    Rajnikanth

    Back Offices in Chennai, Bengaluru declare holiday on August 10 for Rajnikanth’s ‘Jailer’ movie premiere

    Taylor Swift

    Taylor Swift Seattle concert generates seismic activity

    Actors Emily Blunt (L), Cillian Murphy (centre) and Florence Pugh (R) at the premiere of Oppenheimer. Image credits - Getty Images.

    Hollywood actors announce historic strike

    Hugh Jackman dons classic Wolverine suit in Deadpool

    Hugh Jackman dons classic Wolverine suit in Deadpool 3 first look

    David Corenswet and Rachel Brosnahan will star in the film, set to come out in 2025. Image credits - Getty Images

    Superman: Legacy finds its Superman and Lois Lane

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

    Biden’s campaign team to prevent him from falling

    Biden’s campaign team to prevent him from falling

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    The world’s 50 best restaurants for 2023 revealed

    The Upper House (Hong Kong): This beloved Hong Kong classic sits above Admiralty's Pacific Place and features 117 luxuriously-designed rooms. Courtesy Upper House Hong Kong

    World’s 50 best hotels for 2023 revealed

    Indian government’s decision to delay the census raises suspicions, says Lancet

    Indian government’s decision to delay the census raises suspicions, says Lancet

    This airline wants you to travel without clothes

    This airline wants you to travel without clothes

    Sleep. Image credits - Priscilla Du Preez @priscilladupreez / Unsplash

    Diabetes risk increased by 19% due to one common sleeping habit, study finds

    Barcelona. Image credits - Logan Armstrong loganstrongarms

    The best ‘workcation’ cities for remote and hybrid workers around the world

    Child. Image credits - Ippei Naoi | Getty

    Netherlands, home to the world’s happiest kids—6 things parents here never do

    The roots of Chandrayaan 3’s success   

    The roots of Chandrayaan 3’s success   

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    iOS 17 release: See what’s new in iPhone features

    How to erase everything that Google and Facebook know about you

    How to erase everything that Google and Facebook know about you

    Apple

    France orders Apple to halt iPhone 12 sales

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    Apple debuts iPhone 15 and iPhone 15 Plus

    Apple will host its iPhone 15 launch event called “Wanderlust” in California CREDIT: APPLE INC HANDOUT/EPA-EFE/Shutterstock

    iPhone 15 launch (Live)

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Is Canada becoming the “new Pakistan” for India

    Is Canada becoming the “new Pakistan” for India

    Maldivians vote today in Presidential runoff election

    Maldivians vote today in Presidential runoff election

    Over 50 killed in blast at Pakistan rally to mark prophet’s birthday

    Over 50 killed in blast at Pakistan rally to mark prophet’s birthday

    Sri Lanka Cricket (SLC)

    WATCH: Sri Lanka Vs Bangladesh World Cup warm-up match (Live)

    China

    What China’s economic problems mean for the world

    Haikun: Taiwan unveils new submarine

    Taiwan unveils new submarine to fend off China

    Cricket World Cup 2023

    All the squads for ICC Men’s Cricket World Cup 2023

    Anniversary of India-Lanka Technical Cooperation Programme celebrated

    Anniversary of India-Lanka Technical Cooperation Programme celebrated

    China presents its blueprint for a better world

    China presents its blueprint for a better world

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    China

    What China’s economic problems mean for the world

    Haikun: Taiwan unveils new submarine

    Taiwan unveils new submarine to fend off China

    Saga of the takeover of Kandy seen through British eyes

    Saga of the takeover of Kandy seen through British eyes

    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

    Nepal

    Nepal breaks several T20I world records in Asian Games

    ICC Men’s Cricket World Cup

    How has ODI cricket changed since 2011?

    More than 100 dead, 150 injured in Iraq wedding fire

    More than 100 dead, 150 injured in Iraq wedding fire

    Biden’s campaign team to prevent him from falling

    Biden’s campaign team to prevent him from falling

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

    Barbie

    Lebanon bans ‘Barbie’ movie

    How I came to love ‘Oppenheimer’ and still detest the bomb

    How I came to love ‘Oppenheimer’ and still detest the bomb

    Rajnikanth

    Back Offices in Chennai, Bengaluru declare holiday on August 10 for Rajnikanth’s ‘Jailer’ movie premiere

    Taylor Swift

    Taylor Swift Seattle concert generates seismic activity

    Actors Emily Blunt (L), Cillian Murphy (centre) and Florence Pugh (R) at the premiere of Oppenheimer. Image credits - Getty Images.

    Hollywood actors announce historic strike

    Hugh Jackman dons classic Wolverine suit in Deadpool

    Hugh Jackman dons classic Wolverine suit in Deadpool 3 first look

    David Corenswet and Rachel Brosnahan will star in the film, set to come out in 2025. Image credits - Getty Images

    Superman: Legacy finds its Superman and Lois Lane

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    This country has more of the world’s 50 best restaurants than any other

    Biden’s campaign team to prevent him from falling

    Biden’s campaign team to prevent him from falling

    This dish on Mugaritz's tasting menu is called "Technique: beef contrasts."

    The world’s 50 best restaurants for 2023 revealed

    The Upper House (Hong Kong): This beloved Hong Kong classic sits above Admiralty's Pacific Place and features 117 luxuriously-designed rooms. Courtesy Upper House Hong Kong

    World’s 50 best hotels for 2023 revealed

    Indian government’s decision to delay the census raises suspicions, says Lancet

    Indian government’s decision to delay the census raises suspicions, says Lancet

    This airline wants you to travel without clothes

    This airline wants you to travel without clothes

    Sleep. Image credits - Priscilla Du Preez @priscilladupreez / Unsplash

    Diabetes risk increased by 19% due to one common sleeping habit, study finds

    Barcelona. Image credits - Logan Armstrong loganstrongarms

    The best ‘workcation’ cities for remote and hybrid workers around the world

    Child. Image credits - Ippei Naoi | Getty

    Netherlands, home to the world’s happiest kids—6 things parents here never do

    The roots of Chandrayaan 3’s success   

    The roots of Chandrayaan 3’s success   

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp. Image credits - AARN GIRI / Unsplash

    New features introduced in Whatsapp’s latest update

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    iOS 17 release: See what’s new in iPhone features

    How to erase everything that Google and Facebook know about you

    How to erase everything that Google and Facebook know about you

    Apple

    France orders Apple to halt iPhone 12 sales

    iPhone 15 and iPhone 15 Plus feature a gorgeous new and durable design, the Dynamic Island, a powerful 48MP Main camera, and A16 Bionic.

    Apple debuts iPhone 15 and iPhone 15 Plus

    Apple will host its iPhone 15 launch event called “Wanderlust” in California CREDIT: APPLE INC HANDOUT/EPA-EFE/Shutterstock

    iPhone 15 launch (Live)

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia

India is sitting on a time bomb’: Jobs crisis looms as population soars

Editor by Editor
January 18, 2023
in Around South Asia, India
Reading Time: 4 mins read
17 1
A A
Image credits - Ravi Sharma / Unsplash

Image credits - Ravi Sharma / Unsplash

Share on WhatsApp

Jan 18 (CNN) – India will overtake China this year to become the world’s most populous country.

The likelihood of India passing that major milestone within a few months shot up Tuesday, when China reported that its population shrank in 2022 for the first time in more than 60 years.

For similar articles, join our Telegram channel for the latest updates. – click here

ADVERTISEMENT

This shift will have significant economic implications for both Asian giants, which have more than 1.4 billion residents each.

Along with the population data, China also reported one of its worst economic growth numbers in nearly half a century, underscoring the steep challenges the country faces as its labor force shrinks and the ranks of the retired swell.

For India, what economists and analysts call the “demographic dividend” could continue to support rapid growth as the number of healthy workers increases.

There are fears the country might miss out, however. That’s because India is simply not creating employment opportunities for the millions of young job seekers already entering the workforce every year.

The South Asian nation’s working-age population stands at over 900 million, according to 2021 data from the Organization for Economic Cooperation and Development (OECD). This number is expected to hit more than 1 billion over the next decade, according to the Indian government.

But these numbers could become a liability if policymakers do not create enough jobs, experts warned. Already, data show a growing number of Indians are not even looking for work, given the lack of opportunities and low wages.

India’s labor force participation rate, an estimation of the active workforce and people looking for work, stood at 46%, which is among the lowest in Asia, according to 2021 data from the World Bank. By comparison, the rates for China and the United States stood at 68% and 61% respectively in the same year.

For women, the numbers are even more alarming. India’s female work participation rate was just 19% in 2021, down from about 26% in 2005, the World Bank data shows.

“India is sitting on a time bomb,” Chandrasekhar Sripada, professor of organizational behavior at the Indian School of Business, told CNN. “There will be social unrest if it cannot create enough employment in a relatively short period of time.”

India’s unemployment rate in December stood at 8.3%, according to the Centre for Monitoring Indian Economy (CMIE), an independent think tank headquartered in Mumbai, which publishes job data more regularly than the Indian government. In contrast, the US rate was about 3.5% at the end of last year.

“India has the world’s largest youth population … There is no dearth of capital in the world today,” Mahesh Vyas, the CEO of CMIE, wrote in a blog post last year. “Ideally, India should be grabbing this rare opportunity of easy availability of labor and capital to fuel rapid growth. However, it seems to be missing this bus.”

Not everyone is an engineer

Lack of high quality education is one of the biggest reasons behind India’s unemployment crisis. There has been a “massive failure at the education level” by policymakers, said Sripada, adding that Indian institutions emphasize “rote-learning” over “creative thinking.”

As a result of this toxic combination of poor education and lack of jobs, thousands of college graduates, including those with doctorates, end up applying for lowly government jobs, such as those of “peons” or office boys, which pay less than $300 a month.

The good news is that policymakers have recognized this problem and started putting “reasonable emphasis on skill creation now,” Sripada said. But it will be years before the impact of new policies can be seen, he added.

Asia’s third largest economy also needs to create more non-farm jobs to realize its full economic potential. According to recent government data, more than 45% of the Indian workforce is employed in the agriculture sector.

The country needs to create at least 90 million new non-farm jobs by 2030 to absorb new workers, according to a 2020 report by McKinsey Global Institute. Many of these jobs can be created in the manufacturing and constructions sectors, experts said.

As tensions between China and the West rise, India has made some progress in boosting manufacturing by attracting international giants such as Apple to produce more in the country. But, factories still constitute only 14% of India’s GDP, according to the World Bank.

With a 6.8% expansion in GDP forecast for this fiscal year ending March, the South Asian nation is expected to be the world’s fastest growing major economy. But, according to a former central banker, even this growth is “insufficient.”

“A lot of this growth is jobless growth. Jobs are essentially task one for the economy. We don’t need everybody to be a software programmer or consultant but we need decent jobs,” Raghuram Rajan, the former governor of the Reserve Bank of India, told media company NDTV, last year.

According to the Mckinsey report, for “gainful and productive employment growth of this magnitude, India’s GDP will need to grow by 8.0% to 8.5% annually over the next decade.”

Subscribe to our Telegram channel for the latest updates from around the world

Tags: IndiaJobsPopulation

Related Posts

Is Canada becoming the “new Pakistan” for India
Canada

Is Canada becoming the “new Pakistan” for India

September 29, 2023
Maldivians vote today in Presidential runoff election
Maldives

Maldivians vote today in Presidential runoff election

September 30, 2023
Over 50 killed in blast at Pakistan rally to mark prophet’s birthday
Around South Asia

Over 50 killed in blast at Pakistan rally to mark prophet’s birthday

September 29, 2023
Sri Lanka Cricket (SLC)
Around South Asia

WATCH: Sri Lanka Vs Bangladesh World Cup warm-up match (Live)

September 29, 2023
China
Around South Asia

What China’s economic problems mean for the world

September 29, 2023
Haikun: Taiwan unveils new submarine
Around South Asia

Taiwan unveils new submarine to fend off China

September 29, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: Uninterrupted power supply

    60411 shares
    Share 24187 Tweet 15094
  • Registration open for National Fuel Pass

    6647 shares
    Share 2696 Tweet 1646
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    2097 shares
    Share 845 Tweet 522
  • 12 hour water cut in areas of Colombo

    817 shares
    Share 348 Tweet 195
  • WATCH : Yohani’s first live performance in India

    791 shares
    Share 329 Tweet 193
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

eskisehir escort -

https://www.vudols.com/

- mersin escort - Antalya korsan taksi -
ip booter
-
deneme bonusu
- deneme bonusu veren siteler - Kiralık bahis sitesi - vbet giriş