fredag 7. januar 2022

India's jobs crisis is more serious than it seems

Last week, a law graduate in India applied for a job as a driver. Jitendra Maurya was one of more than 10,000 jobless young people who turned up for interviews for 15 low-skilled government jobs in the central state of Madhya Pradesh. Many of them were overqualified - aspirants, according to one report, included post-graduates, engineers, MBAs and people like Mr Maurya, who is preparing for a judge's exam. 

"The situation is such that sometimes there is no money to buy books. So I thought I will get some work [here]," he told a news network.

Mr Maurya's plight shines a light on the acute jobs crisis facing India. The pandemic battered Asia's third-largest economy, which was already in the throes of a prolonged slowdown. It's now seeing a rebound largely due to pent-up demand and increased government spending.