Can Giving Companies Rs 3,000 Per Hire Really Solve India’s Unemployment
Puzzle?
When you stop and really think about it, the future of India depends a lot
on the young people who are stepping into the job market right now. A few years
ago, in 2019, according to some estimates, India entered a special phase in its
population trend. The number of working-age people became higher than the
number of children and the elderly. This kind of balance gives a country a rare
advantage. Experts say it will last for about thirty years. But there is one
important condition. If India does not become richer during this time, it might
not get another chance. It could remain stuck.
This puts a heavy burden on the current
generation. But they cannot carry it unless there are good jobs available. Jobs
that help people become more productive. Jobs that help families earn more. At
the moment, these kinds of jobs are missing. The economy seems to be growing.
But job opportunities are not growing with it. That is a problem.
It is not easy to know the real number of people without jobs in India. The data is often unclear. In a country where many people do not work in formal jobs, the numbers can give the wrong idea. Some events clearly show how bad the job situation is.
The government knows this, too. That is why a new program was approved this
month. It gives companies a little support for each new person they hire. The
company gets 3,000 rupees each month for each new employee, and one month of
social security is also paid by the government. The plan lasts for two years.
If the company is in the manufacturing sector, then it lasts for four years.
These numbers are not very large, but the hope
is that this will help create more jobs. Still, it is not clear how much this
will help. The plan assumes that the biggest challenge for companies is the
cost of hiring. But many employers say that is not the real issue. The bigger
concern is finding workers with the right skills.
That may sound strange in a country with such
a large population. But what companies really mean is that they are unable to
find workers who are skilled and dependable. This is especially true in
manufacturing, which the government wants to support. It is not that workers
cost too much. It is that there are not enough people with the right training.
This is what needs attention.
One big reason is the poor quality of basic
education. Many children finish school without learning simple skills. It may
already be too late for the young people entering the workforce today. But
schools still need to be fixed. A well-known school survey showed that only one
in four students in grade three could solve a basic subtraction problem. That
is something they should have learned in grade two. As they move up in school,
this learning gap only gets wider. If many people cannot even do simple math,
it is hard to expect them to qualify for skilled jobs.
Then there is vocational training. In theory,
these programs are supposed to teach young people useful skills. But in
practice, many of these schools are not working well. The training does not
match what companies need. And most of these schools do not even help their
students get jobs afterward. One government report said that less than one in a
thousand students from Industrial Training Institutes actually got placed in a
job.
Now, someone might ask why people do not learn
these skills on their own. Why not find a way without waiting for the
government? The reason is simple. The pay difference is very small. There is
not much reward for becoming skilled. A trained worker in a car factory may
earn only 20 to 25 percent more than a basic helper. That is not enough to make
someone invest in training.
Another issue is job safety. Many people try
very hard to get into government jobs. Even if the number of openings is small,
they still prefer these jobs. Government jobs come with benefits, health care,
and long-term security. Private sector jobs do not feel safe, and there is not
much support if someone loses their job. So people do not want to take that risk.
The government needs to do more than just give
money to companies. It must make workers feel safe enough to invest in
learning. Schools must teach well. Job training must be better. And maybe
online tools can be used to teach skills in a new way.
Just giving companies a little money for each new worker will not solve the bigger problem. If India wants to grow and provide real jobs to its people, it must fix the deeper issues.
Hi, I'm PC Thomas at the Best Blog. I write clear and honest articles that people enjoy reading. If you need good content for your website or blog, just email me at... askpcthomas@gmail.com.. You can check whether this content is written by AI. It shows 0% AI detection.
