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There was a CNN article about India’s time-bomb of unemployment. Job creation is not able to keep up with number of applicants. The net effect is a further inte

by vjust 3y ago

There was a CNN article about India’s time-bomb of unemployment. Job creation is not able to keep up with number of applicants. The net effect is a further intensification of competition : be it for college or school admissions or jobs. The average number of applicants for an open job slot has increased two-fold or something more.. this changing environment has a bearing on what IIT graduates plan for their next step

WalterBright 3y ago
> Job creation is not able to keep up with number of applicants That's a symptom of not having a free market.
gumby 3y ago
Though some are top-pf-the-world class like IITs, most of the schools (at all levels) are pretty bad, so only low skill jobs are possible for the vast majority of the population. That was true in China 30+ years ago, when it had its demographic boom. It now has to deal with an aging population and a different global economy. Today India is demographically a lot like China was back then, and there is some geopolitical desire to diversify the supply chain away from China-only. Thus many are counting on India to be able to tread the same path China did. We shall see.