India stares at high youth unemployment as hiring in its IT sector slows

Employees work at the headquarters of security system developer Staqu Technologies in Gurugram, India.

Bloomberg | Bloomberg | Getty Images

India is facing a youth unemployment problem as a decline in white-collar jobs in its information technology sector has left many fresh graduates and young people unemployed.

In the October to December period last year, unemployment in India’s youth aged 20 to 24 years rose to 44.49%, from 43.65% in the previous quarter. Unemployment among 25- to 29-year-olds rose to 14.33% during the same period from 13.35% in the prior quarter, according to the Centre for Monitoring Indian Economy.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *