Year: 2024
Type: article
Abstract: India is already struggling with high unemployment, especially among youth, due to a misalignment between education and current labor demand, as well as a large population. Increased use of robotic and automation technology exacerbates unemployment in the short run by displacing low-skilled jobs. Indian policymakers should introduce a policy framework involving reskilling workers at risk through reforming universities and creating affordable digital programs, providing security to displaced workers, expanding digitalization to rural areas, and incentivizing industries to support workers’ transition. Adopting such policies will minimize the adverse economic effects of automation and support sustainable growth.
Source: Journal of Student Research
Author: Rohan Yelamaneni
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4413563221