“For starters, job creation in India has a quantity challenge on the net job creation. Our total annual academic output of qualified UG & PG talent across all streams of education is in the 94 to 96 Lakh range. With about 20%-24% of this output heading for higher education, we are still looking at 72 to 75 Lakh entry level talent getting added to the market every year. IT Sector as one of the largest consumers of entry level has, in its best intake year, created 6 Lakh jobs. The capacity for entry level talent.”

In the survey, 18.1% of participants commended the government’s efforts, believing it is doing its best in addressing the country’s employment concerns.
And of the 90%, 94% earn less than Rs 10,000 per month, and majority of them are casual, migrant labourers. So any job growth numbers which don’t factor in the improvement in the livelihoods of this vast segment, will be limited to a fraction of our workforce. This necessitates the need for upskilling more than ever as technological advancements will keep the unskilled labour out of its ambit of growth.”