Unemployment has been a significant issue in India for the past few decades now. The situation is only getting worse day by day. At present, India’s unemployment numbers are at a record high. What is even more alarming is that a significant number of these unemployed people are educated and capable enough to do some job or the other. In this blog, we will discuss the reasons behind these alarming developments.
According to various reports and studies about educated and unemployed people, hundreds of people with higher degrees such as masters and even PhDs are unemployed. Many among those employed are seriously underpaid or are underemployed, i.e., their potential is not thoroughly utilized. Research shows that unemployment among the well-educated is thrice the national average. Employment rates in colleges are still below 50 percent.
Reasons behind educted yet unemployed
Population, or as they say, overpopulation is one of the primary reasons for such high unemployment rates in the country. Our country comes among the top five countries to have the highest number of students going to universities. The number of jobs available is much lower than the total number of students. The equation between demand and supply hangs in imbalance. The gap widens even further during times of recession.
The problem starts with our schooling system, where more focus is on theoretical education rather than practical. The teaching resources are still inferior when compared to other advanced countries. A lot of work on even infrastructure is needed. This trend continues even in college. An increasing number of institutes and universities has resulted in decreasing quality of education offered.
This leads to a lack of relevant skills among the candidates. It is essential to be equipped with the necessary skill set to be fit for working in any company. However, the lack of these skill sets makes a candidate unsuitable for the job.
Lack of a good working environment and conditions is another such reason. Research shows that about 38 percent of the employed people are unsatisfied with their jobs. Many often feel that they are underpaid. This has resulted in these students either enrolling for additional degrees or remaining unemployed until they get better opportunities.
The waiting period for an individual to get a proper job becomes pretty long at times. What an individual does during that period is crucial and may often negatively impact the mind of that particular individual. Importance has consistently been rated very highly in India, and people believe it will bring many new opportunities. However, when this waiting period becomes lengthy, people start feeling cheated, resentful, frustrated, or even angry. This creates negative psychology in the minds of people. It is very harmful in the long run.
Also, this period of vacuum makes an individual more prone to outside influences. Many of these are even tempting but harmful. They join organizations/ institutions which are looking to mobilize people for one reason or another. This carries a tremendous potential for social conflict and makes those conflicts more intense and of longer duration.
We can thus conclude that unemployment is a lot more profound than it seems from the outside. In India, there are a large number of educated but unemployed. Therefore, there are a lot of reforms needed, and the concerned authorities should look into them.
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