New Delhi, May 2 -- Amid growing global concerns over a widening employment gap, a new economic framework has been proposed to address what experts warn could become one of the most pressing challenges of the coming decades.

Deepak Sharma, founder of the Human Capital Monetisation Economic System (HRMES), has written an appeal to Ajay Banga, President of the World Bank Group, calling for urgent structural reforms to tackle a projected global shortfall of 800 million jobs.

Citing global estimates, the World Bank Chief in his last report had stated that approximately 1.2 billion young people are expected to enter the workforce over the next 10 to 15 years, while current systems (Capitalism and Socialism) are projected to generate only abo...