The problem of unemployment has skyrocketed these days. The problem which has been existent since times immemorial is now facing a huge blow in the past five years. The government is unable to make proper arrangements for the ever-increasing job market. Few methods to reform like revamping the higher education sector to encompass the students with the current skills required for the market is proving to make students from the technical background get a job with good package. But this alone cannot be the measure as the education sector is as varied as the job market and the government has to make plans to ready jobs in all areas.
These kinds of problems are very common in a country where the primary occupation is agriculture. The shift from an occupation that is not so industrialized and does not need many technically advanced skills sets to jobs that require skills to perform in an industry and technical skills to work in offices is a difficult task to ensure that all the citizens get the right kind of learning platform. This leads to situations where the migrants from the neighboring, economically lower countries like Bangladesh, Nepal, and Bhutan gaining more jobs in labor-oriented sectors bagging the opportunities of Indians as the Indian labor force is unable to meet the demands.
India’s labor laws have to be reframed in order to find more jobs for the youth. The Indian labor law is so diverse that there are provisions for both the center and the state to frame their own labor laws. The expansion of the companies that are small and medium-sized has to go by the legal setup that makes the company stay small in size.
The small-sized companies cannot recruit more than the amount as it would not comply with the investments. This makes India a not so manufactural and industrially developed hub like China and the Indian Industry is not able to generate more jobs due to the constant shrinkage after a certain level.
There are 200 different labor laws in India. The Trade Unions Act of 1926 provides the proficiency for the workers who work in a firm that has seven or more workers to form trade unions and the Factories act of 1948 that ensures that the factories that have more than 10 workers to have strict rules for the work hours limit as the size of the factories increases, the number of workers increases and thus the work hours also increase. Thus, it is very clear that a revamp of the labor laws apart from the revamp in the education sector are the mandate to create more jobs which is the need of the hour.