Rediff.com launches a weekly series that will provide insights into how Young India lives. We will speak to Young Indians across the country about how they earn, spend and save, their ambitions, their dreams, and their goals.
A critical step in this direction would be the abolishment of service tax on micro-insurance in order to encourage and increase penetration of insurance.
Over 100 Indian institutions offer semiconductor design curricula, but hardly any of them focuses on manufacturing and process technology, a top official from global memory and storage major Micron Technology said on Thursday. There is significant global demand for such chip engineers, its president and chief executive Sanjay Mehrotra said at the 10th Vibrant Gujarat Global Summit in Gandhinagar. "While more than 100 Indian institutions provide a semiconductor design curriculum, hardly any focus on semiconductor manufacturing and process technology.
If economic pundits and analysts are to believe, India's growth story presents a rosy picture and it is destined to be a significant economic power soon.
China's emergence as a manufacturing hub is due to a combination of favourable circumstances and astute policies; India should adopt a strategy that is in consonance with its own realities.
There's a lot of emphasis on job placements, but are B-schools being monitored for quality at all, asks Amit Kapoor
He also pointed out the high sums earned by the coaching centres leading to the commercialisation of education.
Chief Justice DY Chandrachud, who is heading the five-judge constitution bench which is hearing the matter, also touched upon the notion that only the very highly educated or elitist want fewer children.
This was a crucial year for India. Its economy is doing fairly well, but it continues to suffer from a non-existent long-term agenda. The latter may well result in India seizing defeat from the jaws of victory: Despite the 'demographic dividend', the lack of a compelling 'idea of India' may well cause it to flounder aimlessly, if not disintegrate into a million pointless mutinies. Events in 2009 would have sown the seeds of either success or failure.
The average age of the 125-billion strong Indian population will be 29 years in 2020, even younger than China and the US.
Chanda Kochhar said a large section of youth, mainly underprivileged have little access to training that can increase their employability.
'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'
Researchers at Ambit capital fear that the region "runs the risk of exploding as millions of barely literate men face a lifetime without jobs and without women."
China's population growth has been slowing since 2016 as the high cost of raising children, a greater pursuit of individualism and a diversified lifestyle dampen enthusiasm to start a family.
The edtech major promised a learning revolution, offering hope to millions of under-educated youth. Now, those dreams are shattered, observes Devangshu Datta.
I will tell you one thing, to be the Foreign Minister of Modi government is also a great strength, Jaishankar said.
The country needs 100 million jobs in the formal sector in the next decade to take advantage of its demographic dividend. Also, it should get into the global supply chain to generate many of those by negotiating trade deals effectively, industry players and experts have said. "We need something like 100 million jobs in the next 10 years, which means that the non-agriculture sector has to generate 14 per cent job growth every year," said Aditya Ghosh, co-founder of Akasa Airlines, at the Global Economic Policy Summit organised by the CII.
11 states were assessed for access to clean water, energy and sanitation and use of iodised salt.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
Prime Minister Manmohan Singh on Monday described as "well-balanced" the Vote-on-Account presented by Finance Minister P Chidambaram, saying it portrays a "realistic picture" of the economic situation of the country.
Global consultancy firm PwC India on Wednesday said it will invest up to Rs 1,600 crore and create additional 10,000 jobs in the next five years. Announcing its new business strategy 'The New Equation', PwC India said the firm will also increase its campus hiring by over five times in the same time period. The New Equation is based on analysis of trends and thousands of conversations with clients and stakeholders, it said in a release.
India's youth has to be both educated and employable.
Economist Dale W Jorgenson declares that India is doing "very, very well" and forecasts that India might continue to outrun world economies, including China over the next many years.
A vibrant financial system could can help finance those who wanted to create jobs.
Experts recommend awaiting the findings of the 2021 Census, which is yet to be conducted, before introducing population control policies.
Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.
On November 8, 2016, Prime Minister Modi had announced the decision to withdraw Rs 500 and Rs 1,000 denomination notes with the ultimate aim of reducing corruption and black money in the economy.
India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said. The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
The more one thinks about it, the more difficult it is to see how India will be able to reap the benefits of a demographic dividend, says Aakar Patel.
Indian economy, dubbed the fastest growing major economy in the world, is faced with the single most important pressure point of job creation, says former RBI Governor Raghuram G Ranjan as he makes a strong case for improvement of human capital through skill development. Talking about the book 'Breaking the mould: Reimagining India's economic future', written jointly by him and Rohit Lamba, assistant professor of economics at Pennsylvania State University, Rajan said one of the greatest strength of India is its human capital of 1.4 billion and the question is "how do you make it strong?" The nation needs to create jobs at every level going along the path of development, said Rajan, presently Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth, USA.
France on Friday announced an investment of 2 billion Euros in India as Prime Minister Narendra Modi invited French companies to pump in money in technology in the fastest growing economy.
The country's demographic dividend is dissipating, with seriously adverse consequences for young India, asserts Shankar Acharya, former Chief Economic Adviser to the Government of India.
As many as 58 per cent of citizens surveyed feel confident that India is well prepared to handle the third wave of Covid, LocalCircles said on Thursday.
Indian cities need $840 bn investment over 15 yrs, says World Bank report.
PM also invited US-based GE and other global firms to invest in the defence sector.
A college student and a Communist Party of India-Marxist member, she was administered the oath of office by collector Navjot Khosa at the corporation council hall.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
'When manufacturing or even services cannot generate the kind of employment they are looking for, they prefer to be unemployed rather than under-employed.'
The 'Pesta Demokrasi' is a cause for celebration not only for Indonesia but also for democracy and forces for peace all over the globe, notes Sandeep Chakravorty, India's Ambassador to Indonesia.
