Unemployment is said to be the biggest problem for the country today. People used to say that UP is a state of youth and agitators, but today the reality has become that Uttar Pradesh has become the biggest state of unemployed youth in India . Children become frustrated and many times commit suicide. The youth of the country are not able to get jobs. In the year 2000, around 35 percent of the Indian youth will be unemployed by 2022. The number will almost double. The ILO says about 65 percent of the youth in India. R Jable 65 But there is a bigger and more serious problem which no one is talking about. That problem is that India will become a world leader within the unemployed. This is a critical moment in India's history. It now has the world's largest population and one. Of the youngest, its fast growing economy has the most potential. The challenge now is to seize the moment. The world is seeing that India has such a huge youth population that who can stop it from growing? Half of the country's population has just crossed the age of 25. It means that within the next 30-40 years, there is going to be such an explosion of working population in the country that the whole country will become the engine of growth and start running ahead at the speed of the bullet train and this has happened earlier in the world in 1950's Japan and The China of 1980 was exactly where the people of India are standing today. In 1950, the median age of Japan was around 20 years. During the Second World War, there was an atomic attack on them, they were badly ruined , but within the next 20 years. Again became an economic super power and after America, it had become the second largest economy in the whole world. Look at China in 1980, it was suffering from poverty, it had the same GDP as India, but the people of India remained sitting on the cycle of socialism and China. India set up such an engine of economic reform and fueled it with its young and cheap labor force that it progressed so fast that today it has become the second largest economy in the world with a GDP five times larger than ours. It has done wonders by using its young population, so people think that now it is India's turn. This is exactly what is going to happen in India, but India has been growing fast as of 2022. It has been ranked in the top five for the first time ever. It is wide. Projected that it will be behind only China and the USA by 2030, but even if people think so on the surface, if you look a little deeper, the truth comes out that India has a young population but a large part of it is such that it is not working. It is not worth doing. If you look at the graduate students, 80 per cent do not have a job and among the total unemployed people, 83 per cent are people whose age is less than 34 years. 83 of the unemployed workforce in India is under 34 years of age. So Most of the unemployed people are young and this is worrying because India's young population is seen as a national asset, so the population from whom you are expecting, they do not have jobs. If you look at the total population, then 24 years ago in India only 35 But people were unemployed but today it has reached number 65. It may seem that jobs have ended in the country but the matter is a little deeper than this. Every year 1 crore children are graduating in the country, which is the total population of Sweden. So many children are passing out after studying here, out of these, there are 50 lakh people who are not even fit to do any job, that is, they are unemployed. TCS people have said this week that 80,000 vacancies are lying vacant in us, but they Skilled children are not being found to fill the gap and this unemployed force population is preparing to become a burden on the country instead of being the growth engine of the country. Leave China and Japan aside. If this continues like this, we will compete with Pakistan and Bangladesh. That is why it is very important to understand this issue and talk about its solution and that is why you watch this video carefully till the end. First of all , let us understand the difference between unemployment and unemployment. It means that you are skilled to do the job but are not getting a job in the market. It hurts a lot when you are qualified and people recognize your ability. This is unemployment. Unemployability means that the company has removed 100 posts. It has been said that thousands of people have applied but the company is not able to select even one of them. It means there is a job in the market but the one who applied is not worthy of it. Son, you will not be able to do it. Your characteristics do not seem right to you. This is not going to happen, Indian youth has been unemployed, they are so incompetent that at 60, forget about the youth getting modern skills, they have not even heard about it. The situation in rural India is so bad that at 80, the youth does not have any vocational option. There is no training, most of the youth in the country are doing engineering and even in that 80% of the children do not know anything about new technology and those who are getting jobs are mostly not doing engineering work and whatever work they are doing They are also not being trained well in that. Of the 1 crore children who graduate every year, if you look at them, 33 are from Arts, 14 are from Commerce, but most of the jobs in India demand technical skills. That is why these students do not fit in the job market. They have only the option of preparing for the government exam and within that also the vacancies are limited. Papers get leaked. Due to privatization, governments are also reducing the seats and due to this they A frustration is continuously increasing among the students, the time is passing by, we are just going on studying, the time is getting spent in two-three years, then Corona has eaten away this, if we look at B.Tech, then every year. 15 lakh children are graduating but out of every 10, only one child gets a job and the remaining nine remain unemployed. The reason for this is that 80% of these children are those who have passed by rote and have to work on modern technology. If you don't know MBA then the situation is worse. 93 But companies are refusing to give jobs to those who do MBA because what they have learned in college was used in the industry 20 years ago. The industry has moved ahead and the colleges are still old. Mark Zucker Bug comes to give lectures in foreign colleges but have you ever heard that Mukesh Ambani ji is going to give lectures inside an IIM. This year the situation is so bad that premier institutes like BITS Pilani are asking their alumni. They are saying that brother, give jobs to our children of this year's batch. Hey, in MBA, the condition of even II AIIMS has become worse. Is it possible for the old students of IIM Lucknow to get any job for WhatsApp 2 students? Is one thing clear? Outdated curriculum is being used in colleges and it is being taught by teachers who have no experience in the industry and the result of this is such students who are unemployed even after taking the degree . All the modern trends of the world should be covered. In this, professors give lectures who are actual. Marketing should be taught by those people who have brought industry experience and have handled marketing budgets worth crores. Problem solving should be taught by those people who have worked in big consulting firms. Although the MBA course is business related, it also has AI and Blockchain. Such things should be studied because only then you will be updated with it, meaning there is no need to do coding , Google's School of Business has designed an 18-month PG program in Management and Technology to address this. They will teach business here. Those who made u India a company of 8000 crores, operations will be taught by those who have scaled it to mt500 crores, branding and marketing will be taught by those who have done post graduate course, hence it will be best for working professionals but freshers can also apply in this, their batch will be in August. It is starting and here you have a chance of getting scholarship up to 100%, so if you feel that you deserve admission in such a course, then I am giving the link in the description, do go and try it once. Employability is only for students. Working professionals are not limited to their tenure, they also become unemployed if they do not update themselves. Maximum corporate employees do their daily tasks with the same skill set with which they join the corporate company at the beginning of their career. They keep doing it, maybe after one level, they have children, the man forgets to update himself and with such people, companies first stop giving promotions, then they start facing difficulty in switching jobs and after a few years, Later, the juniors who are coming to the company start doing better work than them in less salary, then the company people also start preparing to fire them and at the age of 4435, these people become part of the unemployed force due to lack of skills. Let's go, just now I was reading a report of Gallup survey in which it was written that in India only 14 percent of the employees believe that they are growing well and the remaining 86 percent of the employees say that they are the brothers who are struggling in the job. If you look across the country, then 34% of the employees believe that they are making good growth in their job, which means the number of such employees in India is very less and they face the problem of unemployability. You will see that it has grown very rapidly in the last 20-30 years and its main regions are: For the first time in the last few decades, there are no major wars or invasions in the world. Life expectancy of people is increasing, people are living longer. The methods of data collection have also improved, so unused data has started coming to us and the most important thing is that the technology is updating very fast. Such major changes are coming in the technology every 10 years. Those who were not able to come in the past 100-100 years and our education, skill development and training methods are still stuck on 100 years old methods. Just 30 years ago, 2G internet service was started in India, after which 3G came. It took 12 years but within 4 years 4G came in the entire country, then in two-three years there was talk of 5G and now work has started on 6G, it is not just a matter of connectivity, you can look anywhere. From service to manufacturing, technology is progressing so fast in every sector and our students or workers are not being trained at such a fast pace. Now look at the example of AI. There will be talk on AI generated in the last one or two years. When Open AI launched Chat GPT, everyone was shocked that how are these AI people writing poems, songs, letters, emails and just after some time, Mid Journey came, it started image generation in the beginning. Seeing its image, people were making fun of what a poor image it is and then within a few months they generated such a realistic image that a guy went to a photography contest with an AI image and won the award. It was a Sony contest. Later, AI started video generation. In April 2023, there was a video of Will Smith eating Spaghetti. There was such a video that everyone was laughing, what a poor video he is making, but now Open AI has launched Sora. A few months ago, more movies were made. These people are generating production level videos in a few seconds . Seeing the capability of Sora, Tyler Perry is a Hollywood film maker. He said that earlier I was going to expand my studio by investing billions of dollars, now I am investing money in this project. No Fuku, it means AI is impacting every field so fast, but show the curriculum of a college where they have started teaching it as a skill. How many companies are there that actively prepare their employees on such skills? And that is why I am saying that the faster the technology grows, the more the percentage of unemployed people will increase and how big an impact this problem can have. Just imagine with me if the youth in our country If a large part of the population remains unemployed, it will have a direct impact on the productivity of India, due to which our economy as well as GDP will go down and it is very simple to understand this, today thousands of MNCs are operating in India. They are doing it because cheap and skilled young workforce is available here. Now if we are not able to teach new skills to our workforce with time, then MNC people will shift to some other country and the result will be that On one hand, the youth in India will be unemployed, on the other hand, the tax generation that was happening will also reduce, the economic growth will also stop immediately and with all this happening, the crime, drug, consent, suicide rate in the country will start rising rapidly. Manufacturing sector and manufacturing sector are the only two big sectors from where maximum skill base employment is generated and both these sectors will come to a standstill. Service sector contributes 50% to the total GDP of India. Jobs of 39 lakh people will be created here in 2023. Which was the highest in any individual sector, the service sector started growing rapidly in 1980. After the economic reforms of 1991, it became faster. It includes services from many fields like telecommunication, health care, finance accounts, think about it and look at the number of employees. If the workforce remains strong, then at what level will the loss be in this entire sector? Then look at the manufacturing sector, its contribution to GDP is at 17 and by 2025 it can be at 25. 2.8 crore people work in it. Right now, when we expand our workforce. We will be able to train people on new skills, otherwise instead of coming to India, those who have such opportunities will start shifting to other Asian countries where the workforce is cheap and they are also skilled. Our neighboring country is Bangladesh, apart from that, Philippines, Malaysia, Indonesia etc. There are many countries where This type of cheap and young skilled workforce is available and we have already seen some examples of it, like if we talk about manufacturing, Bangladesh has set up cheap sweat shops and they have taken over the work of the entire textile industry from India in 2019. After this, many companies came out of China but they went to the Philippines. US companies have planned an investment of 1 billion dollars in the Philippines. This investment could have come to India also but the unemployed in India is increasing. Such reports are coming. Due to this, all this investment is being transferred to other countries. If this has to be solved, then there are two-four steps which are going to be very important. In the name of skill, in 2015, PM Modi had launched the Skill India program that Bhaiya youth Skilled will be created by the year 2023, more than 1 crore people have been trained and 22 lakh people have got jobs, but the problem is that all the skills of Skill India target only small businesses with these skills. No one can do a job in MNC or manufacturing sector, for that, advanced skills are required and if you look at today's management courses, they talk about the four seas and four pieces of the market in a traditional style, but the industry has now gone beyond this. In today's business, understanding of modern technology is equally important along with skills. No management course is focusing on this. A survey of computer literacy was conducted in India. It said that in India, 40% of people between 15 to 29 years of age have computer literacy. Only a person has basic knowledge of using computer and people know only 2 programming languages like python. Now to learn such advanced skills, there is a need to invest a good budget in the Skill India program and a huge amount of experts. Now we will have to recruit already. If you see, the government is spending Rs. 000 crore on Skill India to teach basic basic skills, then I think here the government should make training programs by partnering with private companies, which are private companies and run these training camps. And the government can give them tax rebate in return. The private sector will get skilled people through this and the training budget of the government will also become lighter because neither the government will have to recruit experts separately nor big -Big training centers will have to be built and the government will have to update the entire curriculum of its education system, but until that happens, the government will have to focus most on reducing the gap between the industry and the education system. If the industries do not want those children, then the children will remain unemployed, that is why the government should partner with the businesses and design such robotic courses that the industry becomes ready as soon as the students graduate, this will save the training cost of the businesses because they You will get a ready made student and this will be the fastest way because most of the professional courses are of 2-4 years duration, so within 4 years you will start seeing its impact directly in the market. One good thing is that the companies are able to athlete their workforce. Fossis Foundation and Unnati Foundation are taking steps to upskill, together they have trained 1 lakh learners in job related skills. There is also news that 94 Indian companies have decided that in the year 2024, they will train their employees. We will give full emphasis only on teaching new skills. I personally feel that it is a bigger problem than unemployment and for this, the education system, government and companies, all these people are equally responsible and I feel that as many things as we talk about unemployment day and night, We keep focusing on the figures of Rs. 1,000. If we concentrate on solving the unemployment problem, then the problem of unemployment in the entire country will automatically be solved. What do you think on this? Tell me in the comments. In the description, Sklar School of Business. You must check them out once, I will meet you in the next video Jai Hind Vande Mataram