Indian Economy: Frictional Unemployment, Skill Development, and Apprenticeship Programs

Indian Economy: Frictional Unemployment, Skill Development, and Apprenticeship Programs

We all are aware that India is developing the economy, the nature of unemployment, therefore, acutely differs from the one that prevails in industrially developed countries. Unemployment in developed and advanced economies arises mainly due to deficiency of expected demand. But in developing economy like India cyclical or frictional unemployment is prevalent. It is the main factor behind the presence of chronic under-employment which comes disguised as unemployment which has been affecting the rural section and educated classes of an urban sector of the economy since decades. The unemployment, in fact, doesn't arise because of lack of demand but due to a shortage of capital equipment and resources.

Skill India Program by Government of India

The Government of India launched the Skill India campaign on 15th of July, 2015. This program comes under the direction of Ministry of Skill Development and Entrepreneurship. Skill India plan was introduced by the government to promote the skill development of the youth of the Indian economy especially the ones coming from the rural sector. This program is working on the certification and employment of the youth of India. The purpose is the creation of skill in youth to strengthen the infrastructure in order to support entrepreneurship development and skill development in the economy through Apprenticeship training programmes.

Apprenticeship Programs

Apprenticeships basically are industrial training programs that simultaneously provide on-the-job work experience to the candidates which mainly fall under the informal workforce. They go through several sessions involving the technical interface of industrial work and classroom study sessions for remedial. Apprenticeship programs are specially designed for the unskilled labor to develop and refine their skills and make them ready to enter the formal workforce, they will come together to further support and strengthen the infrastructure of the Indian economy. On the edge of the program, they can apply to the companies that would recruit an apprentice.

More Opportunities

There are several that serve as a platform that provides apprenticeship training to the informal workforce in order to provide them with noble opportunities like ITI apprenticeship for the available apprenticeship vacancies. Through apprenticeship programs, the unskilled labor gets the opportunities to grow their skills. To recruit an apprentice the company regularly hire an apprentice for available apprenticeship vacancies. Apprentice registration can be done by setting up a profile on the company’s website and after finishing up with it they can carry on to search and apply for a suitable option.

Apprenticeship jobs, apprenticeshiptraining, and skill inculcation are done through traditional and non-traditional programs. After finishing up with the training program, there are several opportunities available for them to enter the formal workforce. There are companies and employers waiting in line to hire an apprentice which would fill up their apprenticeship vacancies. All the candidates graduated with training program are eligible to apply for jobs as per the guidelines. The candidates can also search for ITI apprenticeship in the search section right there on different company’s website. The are endless possibilities out there, the youth needs to believe in themselves to grow as a person and to initiate the growth of the nation collectively.