MORE GRADUATES THAN GRADUATE JOBS
According to a report by Azim Premji University released in March, India produced about 5 million graduates each year on average between 2004 and 2023, but graduate employment grew only by around 2.8 million annually.
Nearly 40 per cent of graduates aged 25 and below were unemployed, compared with about 20 per cent of those aged 25 to 29, the report found.
Economist Rosa Abraham, an associate professor at the university and one of the authors of the study, said that many young Indians who manage to find work end up in low-paying, informal or irregular employment.
“Job creation has slowed down,” she said.
“We’ve…
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