A study conducted by United States Census Bureau and Boston Consulting Group has estimated that by 2020, whole world will have shortage of approximately 56.5 million skilled manpower, whereas India will have surplus of approximately 47 million. The population in developed countries including China is ageing and therefore, India will have advantage of demographic dividend.
Only approximately 6 lakh persons including youth immigrate overseas every year while as per the results of survey conducted by National Sample Survey Office (NSSO) during 2009-10 youth work force is about 141 million which constitutes around 30% of total work force implying that large number of youth are domestically employed.
This information was given by Minister of State for Labour & Employment Shri Kodikunnil Suresh in the Lok Sabha Sabha today in reply to a written question.
Only approximately 6 lakh persons including youth immigrate overseas every year while as per the results of survey conducted by National Sample Survey Office (NSSO) during 2009-10 youth work force is about 141 million which constitutes around 30% of total work force implying that large number of youth are domestically employed.
This information was given by Minister of State for Labour & Employment Shri Kodikunnil Suresh in the Lok Sabha Sabha today in reply to a written question.
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