The youth of India is its untapped potential. Around 66% of the total population is below the age of 35. Nearly 40% of the Indian population is aged 13 to 35 years Youth constitute a large chunk of the Indian workforce, yet 80% don't possess any employable skills.
Additionally, there is a grave disconnect between the demand and supply of skilled manpower in the country. Many young people are unable to avail any technical, vocational or professional skill training due to poverty, a lack of awareness and a lack of understanding of the job market. The lack of a highly skilled labour force has major implications for India's economy and society.
As per estimates, the working population in India was estimated to be 400.7 million in January 2021. As projected by the pre-budget economic survey 2021, conducted by Business Standard magazine, the working age group is estimated to be 64% of the Indian Population and the average age of Indians is 29 years, one of the youngest in the world. The India Skills Report 2021 found that fewer than half of India’s graduates are employable. In order to unleash the potential of this large youth population and to enhance their employability quotient, technology and specialized skill development is essential.
In India, nearly a quarter of the people live below the poverty line. The need for economic improvement is visible and urgent. The country’s youth hold the key—unfortunately, only 2 in 5 economically active youth are either unemployed or working yet living in poverty. The overall youth unemployment rate had spiked to 34.7% in the April-June quarter of 2020 when the first wave of the pandemic had taken a massive toll on growth and jobs. Even prior to the pandemic, unemployment was at 25% in the 15-23 years age group compared to 6% overall.
Youth living in underprivileged communities lack employment opportunities and the chance to train themselves with the skills needed to pave the way for better employment. Such potential should not be wasted.
Importance of Livelihood Skill Development Training
In the fabric of life, our jobs and how we make a living are like the threads that hold everything together. But sometimes, these threads can get worn out, and it becomes tough to make a living. This is where NGOs come in. They help people learn new skills so they can find better opportunity and create a brighter future for themselves and their families.
Learning new skills isn't just about getting better at something: it's about opening doors to new opportunities. NGOs, like Zameen Foundation, help individuals learn the skills that employers are looking for. This means that more people can find good jobs and provide for their families.
No More Unemployment
In today’s world, technology and market demands are always changing, and some jobs disappear. This can make it hard for some people to find source of earning. NGOs understand this problem and help people learn new skills that are in demand. This way, they can find source of earning or jobs more easily and take care of their families.
In its resolution to transform lives, Zameen Foundation through its learning partners offers a comprehensive range of Livelihood Programs for youth including women designed to equip individuals with valuable skills for a better tomorrow.