Skill Mismatches in Indian Labor Market: Policy Priorities and Challenges Ahead
Published: 2014
Author(s) Name: Sahana Roy Chowdhury |
Author(s) Affiliation: Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
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Abstract
This article highlights some major
concerns on Indias ability to
create a balanced mix of employment
and quality employment
to embark on a sustainable,
balanced and inclusive growth
path, where quality signifies productivity
contribution. It points
out that co-existence of unemployability
and skill shortages
in certain sectors depicts prevalence
of skill mismatches or
allocative inefficiency in Indian
labor market. Problems and
prospects of the steps taken so
far to bridge the skill gaps are
discussed with a focus on the
major challenges ahead such as
increasing informalisation. A
few international best practices
are then mentioned but with a
note of caution that there is no
one-size that fits-all.
Keywords: N.A.
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