WE LEAD IN UNEMPLOYABILITY !

20 Sep 2011

WE  LEAD  IN  UNEMPLOYABILITY  !

That is the title of an article by Vineeta Pandey [ DNA / 16 Sept, 2011 ]

Following are its highlights :

•  40 million people are registered in Employment Exchanges but only 0.2 million get jobs annually

• 80 % of the Indian workforce does not possess identifiable / marketable skills

• Only 25 % of the Indian professionals are considered “ employable “ by multinationals

• Difficulty of employers in India to fill job vacancies has increased to 67 % in 2011 compared with 16 % in 2010

• Germany has 75 % and UK has 68 % skilled workforce compared to India which account for only 2 %

S. Ramadorai, advisor to PM , adds :

•  60 % of India’s 1210 million people are in the working age group

• Only 10 % of the 300 million children in India between the age of 6 and 16 will pass school and go beyond

• Only 5 % of India’s labour force in the age group 19-24 years is estimated to have acquired formal training

Arguably, this “ Unemployability “ may pose a greater threat to India’s future than corruption !

We need another Anna Hazare to fight this scourge of unemployability !

With regards

HEMEN  PAREKH