Unemployment in India ?

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India maybe considered a rising power with large number of qualified job aspirants entering the workforce every year. But the hard reality which many do not say in the open is issue of employability of these aspirants.
There are thousands of students and professional out of college & professional institutes every year but many of them are really good enough to do the job that’s awaiting them.
Instead of IIM and IIT graduate only a small percentage of student coming out of these institutes are really qualified to take up the real challenges of work. Rest are bookish geniuses who have come well with their scores  
According to survey conducted by FICCI and Ernst & Young paper, even though over 40 million people are registered in employment exchanges only .2million get job annually. Event Starting is the fact that about 80% of the workforce does not possess identifiable marketable skills
Equally sad is the fact that the school drop-out rate in India touched to 56.5 % by the time student reach the qualifying examination at 10th Standard which further leads to employability
The survey found that only 25% of Indian professionals are considered employable’ by multinationals the difficulty of employers in India to fill job vacancies has creased 67% in 2011  
Compared with 16% last year
Although it was difficult to accept, academia an d industry leaders have now accepted this fact and are making effort to end the demand and supply mismatch
The fact is Germany has 75% Skilled workforce and the UK 68% compared to India which accounts 2% so why we blame unemployment when the issue is un-employ-ability
About 60% of India’s 1.2 Billion people are in the working age group however 10% of them 300 children in India between the age group will pass and go beyond, only 5% of Indian labour force in the age group of 19-24 years is estimated to have formal tanning said by S Ramadorai Adviser of Prime Minister, Understand the issues, we have to start working on vocational education framework to be more competitive and acceptable the world market   
Location: Mumbai, Maharashtra, India

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