(The column first appeared in The Indian Express on November 30, 2021)
- In early November, three troubling reports came in. Approximately 5.46 million Indians lost their jobs in October as per CMIE data. In particular, our youth unemployment rate was 28.26 per cent in 2020-21, compared to 15.66 per cent in 2016-17. By August 2021, around 33 per cent of all employable youth were estimated to be unemployed. With 20 million Indians entering the job market annually, there are few jobs being created…