India's Railway System Announced 63,000 Job Openings... 19 Million People Applied

Zero Hedge | 1/7/2019 | Staff
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In February, the railway system in India announced that it was recruiting for some of the most basic and menial positions in its organizational hierarchy. It was looking for positions like helper, cleaner, track maintainer and rail switchman. It announced 63,000 vacant jobs it was trying to fill. It got 19 million applicants.

Those applicants included people like Anil Gujjar, who traveled to India's capital in search of a job. Gujjar was the first person in his family to attend college, but wound up having to compete with millions of other men like him, almost all of which were college students or graduates. Some even had postgraduate degrees.

Flock - Jobs - Problem - India - Country

The flock to these jobs indicates a bigger problem in India: the country has a fast growing economy, but isn’t generating enough jobs for its educated young populace.

A Washington Post article estimates that the number of people in India between age of 15 and 34 is expected to hit 480 million by the year 2021. They have higher literacy levels and are staying in school longer than any other previous generation. The surge of youths could be an immense opportunity for the country, if it can find a way to put them to work. But the employment trends in the country are not optimistic.

Analysis - Azim - Premji - University - Unemployment

An analysis performed by Azim Premji University shows that unemployment between 2011 and 2016 in nearly all Indian states was rising. The jobless rates for younger people and those with higher education also increased sharply. For instance, for college graduates, it grew from 4.1% to 8.4%.

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(Excerpt) Read more at: Zero Hedge
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