India faces a significant skills gap despite improvements in employability rates among graduates. The Economic Survey of 2023-24 reveals that only 51.25% of graduates are employable, up from 34% a decade ago, underscoring a need for better skills development. Youth unemployment has declined from 17.8% in 2017-18 to 10% in 2022-23, but the rate remains high, particularly among young adults. Female labor force participation has risen notably, especially in rural areas. However, the education system's failure to provide practical training and societal biases against certain professions hamper employability. Government initiatives aim to address these issues, yet a coordinated effort across ministries is needed to create a skilled workforce capable of supporting India's economic goals.

Source- AI-Generated