In 2007, 23 Mn people were eligible to join this workforce. Of this, only 16 Mn people could gain employment and 6.5 Mn could not join because of lack of appropriate skills! In the next 5 year, 89 Mn more people will join the workforce. Overall supply will marginally exceed the demand however still there will be shortage of qualified talent – people with basic and vocational skills. Of the 89 Mn 65% of those joining the workforce will be school dropout. The challenge for India is to appropriately train the unskilled workforce.
The white paper presents a comprehensive view of the labour market. It examines various factors of literacy, workforce in agriculture, services, industry, education system and levels. It discusses the gap between education and employability and presents the people strategy case of the retail venture.