Latest news with #ShamikaRavi
Time of India
11 hours ago
- Business
- Time of India
Productive part of life lost in hunt for govt job, youth told
Panaji: Youth in several states of India are losing the most productive part of their lives taking competitive exams in the hope of securing govt jobs, said Shamika Ravi , a member of the Prime Minister's Economic Advisory Council. She said this fascination with govt jobs is not only skewing the unemployment rate of the country but also creating a scarcity of skilled personnel for manufacturing and corporate sectors. Ravi, who delivered a lecture on Viksit Bharat @2047 at ICG, said that economists have noticed a peculiar trend called graduate unemployment, where youth between the ages of 18 and 29 willingly decide not to work in the hope of the ideal job. 'We do have, in some states of the country particularly, an unusual fascination for govt jobs. So, there is something where people in their 20s are taking exams after exams, for five to six years,' Ravi said. She said Centre and some states have begun working on policies to 'demystify' govt jobs to make them less desirable. 'That's why we keep saying that govt jobs need to become less attractive not just in terms of salary. It is the leisure, the benefits that come along,' Ravi said. She also noted that unemployment has a close link with a state's governance and business reforms. 'Goa's unemployment rate is around 10%. So, what is it about these states that are developed with very high unemployment?' Ravi said. 'Unemployment is inversely related to how business-friendly the state is. Wealth creation is linked to job creation.' States that are doing well economically are the ones really creating jobs, she said. States that stand out, she said, such as Punjab, Kerala, and Goa, are low on the ease-of-doing-business index. She said, 'We really have to become more business-friendly.' She pointed out that the country's private sector faces an acute shortage of human resources at the mid-management level. 'All industry surveys are telling us that firms are finding it difficult to grow, not because they can't find finance, but because they can't find skilled people,' Ravi said. She added, 'The industry does not just value your degree; it wants actual skills, and there is a gap between the degree and the skill that the market needs. The gap is wide.'
Yahoo
21-02-2025
- Business
- Yahoo
IIM Udaipur Hosts Insightful Panel Discussion on India's Inclusive Growth
UDAIPUR, India, Feb. 21, 2025 /PRNewswire/ -- The Centre of Development Policy and Management (CDPM), IIM Udaipur, in association with People Research in India's Consumer Economy (PRICE), recently hosted a thought-provoking panel discussion on 'How Inclusive is India's Growth in the 21st Century? The Experience of the First Quarter'. The session featured prominent experts—Dr. Shamika Ravi (Member, Economic Advisory Council to the PM), Mr. Nikhil Ojha (Senior Partner, Bain & Company), and Prof. Dipankar Gupta (Indian Sociologist)—who examined India's economic and social transformation over the past 25 years. The discussion was moderated by Prof. Saurabh Gupta, Co-Head, CDPM. Dr. Shamika Ravi emphasised that India's growth is not an inevitability but the result of well-targeted policies. While India has successfully reduced absolute poverty to below 3%, human development indicators still lag behind global standards. She highlighted the increasing role of women in the labour force, attributing it to focused policy interventions. However, she noted that industrialisation remains critical for job creation as the country moves toward an increasingly urban future. Mr. Nikhil Ojha focused on India's shifting income distribution, pointing out that the middle class has expanded significantly, driving consumption growth. However, he cautioned that FMCG revenue growth is lagging behind nominal GDP, raising concerns about whether economic policies are sufficiently addressing the needs of aspirational consumers. He also highlighted the urgent need to address regional disparities, particularly in job creation, to ensure balanced growth. Prof. Dipankar Gupta examined the evolving caste and class structures in India, explaining that economic reforms and urbanisation have significantly altered traditional power equations. While caste-based hierarchies have weakened, caste identity remains a powerful political force. He stressed that investment in research and development will be key to ensuring quality job creation in the future. The panel concluded that industrialisation, employment generation, and regional inclusivity will be critical for sustaining India's growth. The discussion, part of IIM Udaipur's commitment to fostering meaningful dialogues, provided deep insights into the challenges and opportunities shaping India's economic future. About IIM Udaipur IIM Udaipur is well on its way to becoming a globally recognised B-School. It has broken new ground by focusing on world-class research and transforming students into tomorrow's managers and leaders. The Institute arrived on the global education stage by securing accreditation from the AACSB (Association to Advance Collegiate Schools of Business) in merely eight years of its establishment. With this accreditation, IIM Udaipur is counted in the same league of global institutes, such as Harvard Business School, Wharton School at the University of Pennsylvania, and the MIT Sloan School. IIMU has been listed on the Financial Times (FT) Global MIM Ranking 2024 for the 6th consecutive year, making it the only IIM to have achieved this feat. In the QS Global MIM Ranking 2025, IIM Udaipur stands as the 6th highest-ranked IIM and continues to maintain its listing for the 6th year in a row, reinforcing its global standing. Notably, it is also the youngest B-School in the world to be featured in both rankings. Additionally, IIM Udaipur ranks 4th in India for research in management, according to the UT Dallas methodology, which tracks publications in leading global journals, showcasing its excellence in academic research. Photo: View original content to download multimedia: Sign in to access your portfolio
