10 mn apprenticeships in 10 yrs: What India needs to solve its unemployment

TeamLease and JustJobs Network report notes that instead of around 125,000 apprentices, CPSUs have only 41,250 on board

Doubling the number of apprenticeships from around 500,000 at present to 1 million per year will help address unemployment in the country, according to a report released by TeamLease Services  in association with JustJobs Network.

The report, titled “Reimagining Employability for the 21st-century - 10 Million Apprentices in 10 Years”, provides a road map for increasing the number of apprenticeships.

Need for apprenticeship

Speaking to Business Standard, Rituparna Chakraborty, co-founder and executive director, TeamLease Services, said: “Despite being the fifth largest economy in the world, India still lags at 142nd position in terms of per-capita income. This is because a