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Impact of Economic Growth on Status of Youth in the Indian Labour Market

In: Youth in India

Author

Listed:
  • Nitin Bisht

    (Hemvati Nandan Bahuguna Garhwal University (A Central University))

  • Falguni Pattanaik

    (Indian Institute of Technology Roorkee)

Abstract

Post-2004/05, there has been a significant withdrawal of the youth labour force from the Indian labour market, predominantly female. At the same time, there has been rapid economic growth in India. Therefore, this chapter examines the impact of economic growth on youth status in the Indian labour market. The findings implicate a bi-fold impact of economic growth on youth labour market in India. On one side, youth labour force and workforce participation has been observed to share an inverse relationship with economic growth. While on the other side, youth unemployment has been observed to increase with an increase in India's economic growth. Besides, the insignificant relationship between economic growth and youth not in employment, education or training (NEET) status implicates a substantial threat of missing potential human capital from the Indian economy, which if not tackled at the moment will incur a hefty economic and social cost to the economy and labour market of the country.

Suggested Citation

  • Nitin Bisht & Falguni Pattanaik, 2023. "Impact of Economic Growth on Status of Youth in the Indian Labour Market," India Studies in Business and Economics, in: Youth in India, chapter 0, pages 131-157, Springer.
    • Handle: RePEc:spr:isbchp:978-981-99-4330-2_5
    DOI: 10.1007/978-981-99-4330-2_5
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