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Detailed note about the issue
The youth of India is its untapped potential. 1 in every third person in the country is a youngster below the age of 24, yet most lack any formal exposure to skill development. Youth constitute a large chunk of the Indian workforce, yet 80% doesn't possess any marketable skills.
Additionally, there is a grave disconnect between the demand and supply of skilled manpower in the country. Youngsters from disadvantaged communities are unable to avail any technical, vocational or professional skill training due to poverty, a lack of awareness and a lack of understanding of the job market.
As projected by the Census of India 2011, the working age-group will be up to 65% of India’s population by 2015. In order to unleash the potential of this large youth population and to enhance their employability quotient, technology and specialized skill development is essential. Currently only 2% of India’s workforce is skilled.
In India, nearly a quarter of the people live below the poverty line. The need for economic improvement is blatant. The country’s youth hold the key—unfortunately only 2 in 5 economically active youth are either unemployed or working yet living in poverty. As of 2014, 73.3 million youth in India are unemployed, which accounts for 36.7% of global unemployment!
Youngsters living in underprivileged communities lack employment opportunities and the chance to train themselves with the skills needed to pave the way for better employment. Such potential should not be wasted.
For various sectors, like, agri, auto, banking, beauty, construction, IT etc.
Terming skill development and utilization of skilled workforce as a major area of concern, The Economic Survey 2014-15 stated that as per the Labour Bureau Report 2014,
Central Statistics Office Ministry of Statistics and Programme Implementation Government of India (Social Statistics Division)