Why in news
- NITI Aayog released 'Reimagining Skilling for Viksit Bharat@2047', assessing youth engagement through national sample survey data.
Key findings of the report
- Estimates that 8.7 crore (87 million) Indian youth aged 15–29 are Not in Education, Employment, or Training (NEET).
- Calculations are derived from data collected during the 78th round of the National Sample Survey (NSS) conducted in 2021.
Structural constraints and recommendations
- Identifies lack of disposable income and sunk costs from prior education as primary barriers preventing NEET youth from taking paid vocational courses.
- Categorizes the demographic into five target segments: school learners, tertiary students, formal/informal workers, NEET youth, and women.
- Recommends targeted subsidised skilling interventions and micro-incentives to enable self-employment.
Key terms
NEET Youth
Demographic classification representing young individuals currently not engaged in education, employment, or formal training.
Demographic Dividend
Economic growth potential resulting from shifts in a population's age structure, specifically when the working-age population is larger than the non-working ratio.
Prelims facts
- NEET classification includes individuals aged 15-29 missing from formal workforce or educational enrollments.
Mains discussion
- Examine the structural barriers facing NEET youth in India and suggest reforms to align vocational training with market demand.
Source: Business Standard
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