The Aspira Digest

Youth unemployment in India is a significant challenge threatening the nation's social and economic stability. Despite being one of the world's fastest-growing economies, India struggles with high unemployment rates among its youth, which is critical given the country’s demographic dividend. This blog explores the causes, consequences, and potential solutions to youth unemployment in India, drawing on recent studies, data, and government policies. The Current State of Youth Unemployment in India As of 2023, India’s youth unemployment rate stood at around 22%, according to the Centre for Monitoring Indian Economy (CMIE). This figure is alarming, considering that India has one of the largest youth populations in the world. The International Labour Organization (ILO) has also highlighted that India has one of the highest youth unemployment rates in South Asia, with millions of young people either unemployed or engaged in low-quality, informal work. The Periodic Labour Force Survey...

  THE ASPIRA DIGEST What is Reverse Brain Drain? Reverse brain drain is the trend where skilled professionals who previously migrated abroad return to their home countries. This phenomenon is gaining momentum, particularly in emerging economies like India, driven by improved economic conditions, better job opportunities, and favorable policies. However, this trend also presents challenges that need to be addressed to fully capitalize on the benefits of returning talent. Facts and Figures India : Between 2016 and 2020, over 100,000 Indian tech professionals returned from abroad, attracted by the booming tech industry and startup ecosystem. A 2021 LinkedIn report indicated a 10% increase in returnees, with many citing emerging opportunities and government initiatives as key factors. China : China's "Thousand Talents Plan" has successfully brought back over 7,000 top scientists and engineers since 2008, contributing to the country's innovation and development. In 2020, ...