India employment: India’s employable youth up from 33.9% in 2014 to 51.3% in 2024: DEA

India employment: India’s employable youth up from 33.9% in 2014 to 51.3% in 2024: DEA

The Department of Economic Affairs, in its January 2024 review of the economy, said there is ample scope to mainstream skilling into education curriculum and upskilling a large chunk of the existing workforce into future-relevant skills on the back of a transformative journey in skill development in India in the last decade.

According to the report, released on Monday, the push to mass skilling since 2014 has begun to pay dividends. “The employable percentage of final-year and pre-final-year students increased from 33.9% in 2014 to 51.3% in 2024,” it said citing the findings of the online Wheebox National Employability Test.

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Further, the across-the-board progress in skilling has manifested in India’s rising position in WorldSkills Competitions, from 39 in 2011 to 11 in 2022, it said.

deaET Bureau

“Combined with the rising enrolment in higher education (from 3.2 crore in 2013-14 to 4.1 crore in 2020-21), rising employability implies that India’s young workforce is both expanding and becoming increasingly employable,” it said.

According to the report, India has 50.2% of men and 41% of women with ten or more years of schooling in the 15-49 age group.

“There is an opportunity to make the education-skill continuum the greatest weapon in the Indian Miracle by reaching out to each of these youth who only need to attend finishing schools for employability,” it said.

Under the National Education Policy, 2020, there is a special focus on vocational education and skill development. “Integration of vocational education with general education and mainstreaming of vocational education have been identified as key reforms in the country’s education system,” the report said.

As per the Periodic Labour Force Survey 2022-23, 72.6% of workers aged 15-59 years did not receive any formal or informal vocational or technical training.

The report further said that the recent launch of the Skill India Digital platform as the digital public infrastructure for the skilling, education, employment, and entrepreneurship ecosystem marks another step towards the “ease of acquiring skill” in India.

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Author: Shirley