Will India’s new US$24b plan to boost employment pay off?

Apprenticeship Program

The correct job opportunities have proved to be challenging for those seeking employment right now.

” We do n’t seem to have any jobs that we like, but there are a lot of them.” And for a lot of us, there are n’t enough jobs”, said jobseeker Suman Kumari.

Another jobseeker, Shaurya Kumar, told CNA that companies want employees who are highly qualified, have previous experience, or have a great educational qualifications. ” But most of us do not match that profile”, she added.

The president’s internship program is aimed at solving that issue.

It wants to wire in India’s 500 biggest corporations to offer jobs to 10 million students. The volunteers ‘ earnings will be reimbursed to the participating companies, and the remaining money may be subject to tax advantages.

This is a critical step in the development of a highly-skilled talent pool, according to authorities.

However, it’s unclear how many of these jobs will later turn into full-time positions.

The move, according to Shantanu Rooj, CEO of TeamLease EdTech, will help increase new hires ‘ employment and work.

He claimed that this opportunity for hiring interns to enable the creation of their own skill supply chain lowers the cost of hiring for employers, which he called a fantastic initiative.