India's unemployment rate grew from 6.8 per cent in 2001 to 9.6 per cent in 2011 based on official census data.
Among literates, unemployment rates were higher among the better qualified, highest of all among the 7.2 million people with a technical diploma or certificate other than a degree. Kerala had India's highest graduate unemployment rate at over 30 per cent as of 2011.
What is the remedy for such a development? Close down 50 per cent of technical institutes and colleges or do a manpower planning as I have been advocating for the last three decades?
Neither the Niti Ayog (erstwhile Planning Commission at Delhi), nor the state planning commissions / boards are prepared to undertake a serious home work in this regard. Even if they have done a modicum of such an effort individually, nothing concrete appears in the field facilitating the utilisation of the national resources judiciously and engaging the workforce in the avenues where they are needed most.
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