If we look at the global trend over the last few decades, then most of the clean technology innovations have been ‘desktop innovations’ focussing on development and application of software and processes.
The Indian economy has shown remarkable rates of growth, and yet, unemployment is rising and a major share of the country's population remains underemployed...
Our country has recently experienced rapid economic growth, largely led by the service sector. Yet, employment has grown slowly, particularly in the private sector, making the 1990s and 2000s a period of ‘jobless growth'
For centuries, our development and economic prosperity has depended on production of more and more goods and services. This has led to an ever-growing consumption of natural resources
On one hand, higher growth has raised the youth’s aspirations for more meaningful jobs, thereby leading to a mismatch between jobs offered and jobs that educated youth are looking for. On the other hand, in today’s era of the fourth industrial revolution, young people need to be equipped with necessary skills to work with new technologies. Spells of unemployment, particularly long spells, can lead to scarring effects and a higher likelihood of being unemployed later in life and a wage penalty.
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