INDIA”S LABOUR PAINS!!! 6

WELL,THIS SEEMS A BIT INTERSTING!THE LABOUR FORCE IN OUR COUNTRY IS GROWING AT THE RATE OF 2.5% PER ANNUM AND ON THE OTHER HAND,THE EMPLOYMENT RATE IS ONLY ABOUT 2.3%.THIS GIVES US DOUBLE HEADACHE.WE NOT ONLY HAVE TO ABSORB THE NEW ENTRANTS TO THE JOB MARKET BUT ALSO HAVE TO CLEAR THE BACKLOG.SEEMS TO BE A VERY TOUGH JOB.
THE NUMBER OF SKILLED WORKERS COMPRISES ONLY 5-7% OF THE TOTAL WORKFORCE.AND COMPARE THIS WITH THAT OF A MUCH SMALLER COUNTRY LIKE SOUTH KOREA,WHICH HAS 95% SKILLED LABOUR…..HOW”S THAT FOR A DIFFERENCE???
WE ARE STILL FAR FROM ACHIEVING THE TARGET OF PROVIDING PRIMARY EDUCATION TO ALL AND THIS IS THE AREA ON WHICH THE GOVT. NEEDS TO FOCUS A LOT.NOT ONLY THIS,EVEN THE HIGHER EDUCATION NEEDS A LOT OF IMPROVEMENT.
IN THE YEARS TO COME,THE WORKFORCE IS ONLY BOUND TO INCREASE,THE GOVT. NEEDS TO CREATE EMPLOYMENT SOURCES OTHERWISE THE GROWTH MAY BE HAMPERED FURTHER.