To avoid squandering its demographic dividend, India must make substantial reforms in its education sector and the country needs to raise workforce participation from 58 per cent to 80 per cent to be at par with China, says a report.
According to global consultancy firm PwC, the nation’s education system has benefited the upper class, producing a number of global CEOs. But it hasn’t worked for the masses: because education is not yet available to everyone.
India has the largest illiteracy rate — 33 per cent in the world.
“The link between poor education and India’s low labour-force participation is obvious. Low participation can have serious social and economic consequences, including unrest among young people,” the report said, adding that India needs to raise workforce participation from 58 per cent to 80 per cent to be at par with China.
Chosen excerpts by Job Market Monitor. Read the whole story at India needs to raise workforce participation to 80%: PwC – The Economic Times.