Showing posts from April, 2022

Indian Job Market - Emerging need for skills

In the initial days of 2020, the COVID19 pandemic has thrown a tumultuous challenge to the world's economy and to the leadership of every nation on the planet.  Along with many other countries, India also went into a lockdown to reduce the spread of the pandemic. At this point, along with the shortage of medical infrastructure, India faced another major challenge - the impact on the job market by the end of April 2020.  People were losing jobs as the domestic and international markets reeled under severe pressure due to the decline in production and demand. Along with this, the global lockdowns seized the opportunities for new jobs. Unemployment shot to unprecedented levels. India being the second-most populous country in the world is often viewed as an asset as India has nurtured abundant human resources for global manufacturing and service industries over the decades. But this asset turned into a liability with indefinite lockdowns and declining global demand. The unemployment r