The Indian job market is facing one of its worst crisis amidst the COVID-19 pandemic.
In the organised sector alone, an estimated 21 million salaried employees lost their jobs by the end of August, according to the Centre for Monitoring Indian Economy (CMIE). India had 86 million salaried employees during 2019-20, and in August 2020, their numbers were down to 65 million. It’s also important to note that all salaried jobs put together account for just 21 to 22 percent of total employment in India.
There is clearly an urgent need to create employment for the vast majority of India’s unemployed, and YourStory wants to do every bit it can to catalyse job creation in India in both the organised and unorganised sectors, and more importantly, be the voice for job seekers and millions across the country who have been impacted.
In accordance with Prime Minister Narendra Modi’s vision for an AatmaNirbhar Bharat and his special emphasis on creating jobs for India’s youth and the common man, YourStory believes the technology sector has immense potential to not only innovate and transform the lives of the common man, but also provide jobs and employment for every Indian.
To this end, YourStory is launching ‘Jobs for All: In India, for India’ — an India-wide campaign to:
- catalyse job creation in India,
- be a voice for job seekers,
- spotlight India’s job creators,
- showcase India’s skill providers, and
- match job creators with job seekers
YourStory’s Jobs for All Campaign will include a series of roundtables with leading economists, policymakers, business and thought leaders; stories from across India of job seekers to serve as their voice; partnerships with corporates, businesses, and skill providers to match and deliver jobs.
India’s vast reservoir of skilled manpower gives it a distinct comparative factor advantage over the global market. Our demographics reveal that over the next few decades, the country has a clear advantage with a younger population profile, especially if job opportunities in emerging sectors can be fully leveraged and optimised.
“Through YourStory’s ‘Jobs for All: In India, for India’ campaign, we hope to leverage all the resources available to us to be a force for change, by bringing together startups, enterprises, skill providers, academic institutions, policymakers to lead the change in India. Together, we can,” said Shradha Sharma, CEO and Founder, YourStory.