Youth In Indian Labour Market

This book provides an overview of youth labour force and workforce participation in India and explores the dynamics of changing youth labour market in India. Despite notifying a demographic dividend phase, a significant share of youth witnessed higher exclusion (unemployment and not in employment, education or training) from the Indian labour market. Therefore, this book investigates the role of education in labour market and examines open unemployment. It conceptualizes the not-in-employment-education-or-training (NEET) status of youth in Indian context and explores the heterogeneity of NEET youth by analysing the push and pull role of demographic and socio-economic variables. Furthermore, this book examines the nexus of youth labour market status and economic growth in India to provide plausible recommendations for youth's higher, inclusive and sustained participation in the labour market and the country's development pathway. The book creates room for necessary policy interventions considering the changing dynamics of youth labour market and contemplating the challenges of skill, technology and Industry 4.0., which entails a higher emphasis on ‘re-shape’, ‘re-focus’ and ‘re-share’ for enhanced and sustained inclusion of youth in labour market. It is a necessary resource for students, researchers, policymakers, and industry partners interested in exploring and understanding the political economy of youth labour market in India.

Persistent unemployment and rising wage differences at the expense of low-skilled workers has characterized the labor market in most developed countries. Since the last economic crisis, unemployment rates and pay inequalities have increased among workers under 25 years of age, thus creating an ever-widening financial gap for an entire generation. Those who do not have a qualification or post-secondary diploma often find themselves in precarious jobs at minimum wage. Countries are now working to adopt reforms to improve the situation of young people in the labor market. International Perspectives on the Youth Labor Market: Emerging Research and Opportunities provides emerging research exploring the theoretical and practical aspects of financial inequality and applications within global economics. Unlike literature that focuses only on developed countries, this book also addresses emerging economies whose labor market is often characterized by a dualism that makes the situation of young workers worse. Featuring coverage on a broad range of topics such as unemployment rate, labor reform, and job insecurity, this book is ideally designed for economists, government officials, policymakers, executives, managers, business professionals, researchers, academicians, and students.

The Contribution Of Technically Trained Manpower To The Economic Growth And Development Is A Well-Accepted Factor. The Shortage Of Personnel With An Education In Industrial Training Will Have An Adverse Impact On The Jammu And Kashmir Economy, Especially In The Industrial Sector. In Order To Attain Industrial And Technological Self-Reliance, The Planners Envisaged The Development And Building Up Of Indigenous Expertise And Stock Of Technically Trained Manpower As An Inalienable Part Of The State S Development Strategy. As A Sequel To This Policy, A Tremendous Effort Was Made By The Government To Create A Massive Infrastructure To Train And Built Up Locally Groomed Expertise And Skilled Manpower. The Industrial Training Institutes (Itis) Are One Of The Major Institutions That Provide Technically Trained Manpower In The State Of Jammu And Kashmir. However, The Over Production Of Technically Trained Manpower, With Less Regard To The Absorption Capacity Of The Labour Market Will Result In Unemployment Among These Skilled Labour Force. In View Of Rapidly Changing Social, Economic, Political And Technological Scenario, The Technically Trained Manpower Requirements Also Change Which Demands For Constant Monitoring Of Manpower Requirements. Therefore, The Assessment Of The Impact Of Training Courses In The Itis And Evaluation Of The Track Record Of The Placement Of The Trainees Is Essential For The Relevant Authorities To Identify Gaps Between The Demand And Supply Of The Technically Trained Personnel As Well As To Take Suitable Action In Advance.

Sri Lanka has long been regarded as a model of a successful welfare state in a low-income setting, yet it has not succeeded in creating a sufficient number of good jobs for the increasing number of young people. Hence, young Sri Lankans perceive their country as an unjust and unequal society, in which mainstream institutions have failed to address inequalities in the distribution of resources, as well as of benefits deriving from economic growth. Against this background, 'The Challenge of Youth Employment in Sri Lanka' aims to identify ways to improve the opportunities available to new job market entrants by addressing existing inequalities and to help young people more fully realize their potentials. Drawing from original research and a review of existing studies, the authors use the 4Es conceptual framework to analyze four key aspects of labor markets employment creation, employability, entrepreneurship, and equal opportunity identifying main issues and results, current trends, and possible new approaches.

The 2021 edition of the OECD Employment Outlook focusses on the labour market implications of the COVID‐19 crisis. Chapters 1-3 concentrate on the main labour market and social challenges brought about by the crisis and the policies to address them.

This report examines the vulnerability of youth to unemployment and the shortage of decent work. It shows where progress has or has not been made in terms of tapping the energy, talent, and creativity of young people for the benefit of the economy's productive potential. It updates the world and regional youth labor market indicators and gives detailed analyses of longer-term trends in youth population, labor force, and employment, while providing a first glimpse at new estimates of working poverty among youth. The report shows that the impacts of the economic crisis have been disproportionately severe for young people around the world. It also offers valuable lessons learned from evaluating youth employment programs.