News By/Courtesy: Athul Joseph | 29 Jun 2020 21:49pm IST

HIGHLIGHTS

  • COVID-19 and the nationwide lockdown has resulted in humongous job loss
  • This crisis is going to lead to massive job losses and furloughs, and young people are likely to bear the brunt
  • here are several inspiring ways in which youth-led enterprises across Asia-Pacific are innovating to support their communities to combat coronavirus and improve the situation .

COVID-19 and the nationwide lockdown meant humongous job losses. Data from the Consumer Pyramids Household Survey of CMIE reveals that, in 2019-20, young people (20-24 years) accounted for 8.5 percent of the country 's total employed people. They made up 11 percent of those who lost jobs, however. More than 1.3 crore youths lost their jobs in the lockdown. About 1.4 crore jobs have been lost in the 25-29 year age group. This crisis will lead to massive job losses and furloughs in the short term, and young people will likely bear the brunt. Youth unemployment had been a major headache for world leaders well before the crisis. Come June, 10-12 million Indian youth join the workforce, as they do every year. Right before the pandemic, India had been struggling to provide proper work opportunities for its youth. Our pre-crisis unemployment figure has been the lowest in the last 45 years, and Banks in the education sector have reported the highest loan NPAs. COVID-19 just made matters worse. The government will include a debt relief plan in the short term, postponed by at least two years the loan repayment for unemployed 2018/2019 students. As of 2019, the central government 's education expenditure stood at 3 percent of India's GDP, but the OECD countries spent an average of 11 percent of their GDP on education in comparison. The second strategy will be to focus on growing our capacity-building and vocational training initiatives. Although India struggles to find jobs for its young people, companies struggle to find workers with the right skills. For eg, only 4.5 percent of the Indian population are skilled compared with 68 percent of the British population and 75 percent of the German population. It's high time that India emulated successful global skills training models – such as those in Germany and the UK. Germany has managed to retain one of the lowest unemployment rates in the world, through its Vocational Education and Training ( VET) program. The Government should implement elements for the Indian situation of the German VET program.

We need a paradigm shift in our educational system in the long term. We need to promote critical thinking, imagination, communication skills, and emotional intelligence (EQ) in our schools and universities. Our rural education centers lack consistency – only 25 % of children studying in Class V have been able to read basic English sentences over the past decade. There are several inspiring ways in which Asia-Pacific youth-led enterprises innovate to support their communities in combating coronavirus and improving the situation. Youth-led companies like digital COVID-19 triage bots, remote mental health services, etc. fight misinformation, mobilize community action to protect the vulnerable, and develop innovative new products and services. People will retrain themselves and upskill to find new jobs. There is an imminent shift in work patterns. Several conferences linked to the job should move online. A shift in job patterns is imminent. A lot of work-related conferences will move online. Online grocery delivery has seen significant demand increase during the lockdown, and it will continue, because many people would prefer not to go to supermarkets, due to fear as well as the inconvenience.  COVID-19 has, therefore, created a huge scope for a paradigm shift in youth employability and empowerment.

THIS ARTICLE DOES NOT INTEND TO HURT THE SENTIMENTS OF ANY INDIVIDUAL, COMMUNITY, SECT, OR RELIGION ETCETERA. THIS ARTICLE IS BASED PURELY ON THE AUTHOR'S PERSONAL VIEWS AND OPINIONS IN THE EXERCISE OF THE FUNDAMENTAL RIGHT GUARANTEED UNDER ARTICLE 19(1)(A) AND OTHER RELATED LAWS BEING FORCE IN INDIA, FOR THE TIME BEING. 

Section Editor: Pushpit Singh | 30 Jun 2020 7:57am IST


Tags : youth economy revive

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