India, April 9 -- Every recruitment cycle in India sees tens of thousands of public posts attract millions of applicants. The fact that even a posting for the position of office peon in the public sector draws tens of thousands of highly educated candidates indicates that in today's jobs environment, stable entry points into employment are scarce.

Although India is one of the youngest major economies in the world, youth unemployment, particularly in urban areas, remains elevated. According to the Periodic Labour Force Survey 2022-23, unemployment among Indians aged 15-29 remains around 10-12% nationally, with significantly higher rates in urban areas and among graduates. Degree holders are far more likely to be unemployed than those with...