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Unemployment rate in India is at its lowest level in 6 years - Prime Minister Shri Narendra Modi

Unemployment rate in India is at its lowest level in 6 years - Prime Minister Shri Narendra Modi

Kochi, October 16, 2023: Prime Minister, Shri Narendra Modi, addressed students live at the second ‘Kaushal Deekshant Samaroh’ – Annual Skill Convocation Ceremony – on 12th October 2023 organised by the Ministry of Skill Development and Entrepreneurship. Union Minister for Education and Skill Development and Entrepreneurship, Shri Dharmendra Pradhan, and Minister of State for Skill Development & Entrepreneurship and Electronics & Information Technology, Shri Rajeev Chandrasekhar, graced the event. Secretary, Department of Higher Education, Ministry of Education, Shri K Sanjay Murthy; Secretary, Department of School Education & Literacy, Shri Sanjay Kumar; Secretary, Ministry of Skill Development and Entrepreneurship, Shri Atul Kumar Tiwari; Chairman, National Council for Vocational Education and Training (NCVET), Shri Nirmaljeet Singh Kalsi; Chairman, AICTE, Prof. T. G. Sitharam; Chairman, UGC, Prof. M. Jagadesh Kumar; other officials, dignitaries and students were also present on the occasion.

 

Addressing the gathering, the Prime Minister remarked that this festival of skill development is unique in itself and today’s event of joint convocation of skill development institutions across the country is a very commendable initiative. He said that Kaushal Dikshant Samaroh reflects the priorities of today's India. Acknowledging the presence of thousands of youth connected with this event through technology, the Prime Minister conveyed his best wishes to all the youth.

 

Prime Minister Shri Modi highlighted the importance of the power of  youth in utilizing the strengths of any country such as its natural or mineral resources, or its long coastlines and said that the country develops more with stronger youth power thereby doing justice to the nation’s resources. Today, the Prime Minister emphasized that a similar thinking is empowering India’s youth which is making unprecedented improvements in the entire ecosystem. “In this, the country's approach is two-pronged”, the Prime Minister said. He explained that India is preparing its youth to take advantage of new opportunities through skilling and education .He highlighted the new National Education Policy, which has been established after almost 4 decades. The Prime Minister also underlined that the Government is establishing a large number of new medical colleges, and skill development institutes like IITs, IIMs or ITIs, and mentioned the crores of youth who have been trained under the Pradhan Mantri Kaushal Vikas Yojana. On the other hand, the Prime Minister stated that traditional sectors which provide jobs are also being strengthened while new sectors that promote employment and entrepreneurship are also being promoted. The Prime Minister also mentioned India making new records in goods exports, mobile exports, electronic exports, services exports, defence exports and manufacturing, and at the same time creating a large number of new opportunities for youth in many sectors such as space, startups, drones, animation, electric vehicles, semiconductors, etc.

 

“Today, the whole world is of the belief that this century is going to be India's century”, the Prime Minister said as he credited the young population of India for this. Shri Modi underlined that when the elderly population is increasing in many countries of the world, India is getting younger with each passing day. “India has this huge advantage”, he stressed as he noted the world looking towards India for its skilled youth. He informed that India's proposal regarding global skill mapping has been recently accepted at the G20 Summit, which will help in creating better opportunities for youth in the coming times. The Prime Minister suggested not wasting any opportunity being created and assured that the Government is ready to support the cause. Shri Modi pointed out the neglect towards skill development in the previous governments and said, “Our government understood the importance of skill and created a separate Ministry for it and allocated a separate budget.” He underlined that India is investing more in the skills of its youth than ever before and gave the example of Pradhan Mantri Kaushal Vikas Yojana which has strengthened the youth at the ground level. Under this scheme, the Prime Minister informed that about 1.5 crore youth have been trained so far. He further added that new skill centers are also being established near industrial clusters, which will enable the industry to share its requirements with skill development institutes, thereby developing the necessary skill sets among the youth for better employment opportunities.

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