India’s Job Crisis
When India’s Prime Minister along with his team of idealists came up with the idea of the startup scheme, a shimmer of hope ignited in almost all job seekers. The existing market did not think they would be affected by a term called job crisis but today the scenario in the industry is quite different and alarming.
Today, the job market isn’t as steady as it used to be. The reason being there is an endless supply of workforce but the demand isn’t that high. For instance, let us take MBA graduates as an example. Today there are hundreds and thousands of MBA graduates who aren’t getting jobs because the need for them isn’t that high. A lot of such graduates are working as content writers or as secretaries or even doing something that isn’t related to their field of study.
It is sad to see a waste of education and skill force. However, we must note the situation today still can be tamed if we encourage more startups to stick their roots in the market and provide jobs to those who are deemed ‘useful’. But if we think about it, startups alone cannot tame this situation either. In my personal opinion, the alarming rise in population and set up of hundreds of private institutes has caused depletion in jobs.
It’s sad to see that people from every sector are affected and because of this a rise in migration is seen from India to abroad. A lot of Indians go to the US or to Canada to set up their private practices or even work there.
How can we control the situation? Experts say if the population can be kept under check within the next ten years then there is something that can be done to control this setback. Also, education norms must get tougher if the population will not decline in the future. However, many experts encourage young people to start their own business in order to create more jobs. Even if it just a family business, a little will go a long way.