The three-year strategic collaboration, announced on Monday, aims to bridge the digital gap in education and create upskilling opportunities for 300 million youngsters in India over the next 10 years
According to the International Labour Organization (ILO), India is staring at a 29 million skill deficit by 2030. Representative image.
Photo: Pradeep Gaur/Mint via Getty Images
Bengaluru: Consulting firm PwC India announced a collaboration with the United Nations Children's Fund (UNICEF) and YuWaah (Generation Unlimited in India) on Monday to upskill 300 million young Indians over the next 10 years. The announcement is part of PwC’s global collaboration with UNICEF and Generation Unlimited, a global multi-sector partnership that seeks to upskill and provide about 1.8 billion youngsters with socio-economic opportunities to navigate education and career trajectories.
According to the International Labour Organization (ILO), India is staring at a 29 million skill deficit by 2030. As of October 2020, the unemployment rate in India is at 6.97 percent, according to the Centre for Monitoring Indian Economy (CMIE). Urban areas had an unemployment rate of 7.15 percent, while the number stood at 6.9 percent in rural areas.
Around 10 million people in the country have lost their jobs in the wake of the Covid-19 pandemic because of the economic downturn and because of lack of requisite skill sets. In his speech at the ASEAN-India Youth Dialogue on June 10, Union Minister of State for External Affairs, V Muraleedharan, said that India has the largest number of young people in the world, with over 450 million people—or 65 percent of the population—between the age group of 15 and 35 years.