New Delhi: IMF senior economist John Bluedorn, on Wednesday, said youth inactivity is the highest in India, while speaking about labour market in emerging and developing economies at an event organised by Brookings India.
He said, “Youth inactivity is the highest in India compare to emerging and developing economies and it is about in 30 per cent.”
The IMF economist, pointed out some key challenges that youth is facing in emerging economies labour markets including gender gaps, technological change and poor job quality in employment. Bluedorn further mentioned that emerging and developing economies are less vulnerable than advanced economies from technological changes and automation challenges.
A recent data compiled by Mumbai-based CMIE claimed that the unemployment rate in India rose to 7.2 per cent in February 2019. However, earlier an NSSO’s draft report showed that India’s unemployment rate hit a 45-year high of 6.1 per cent in 2017