Rate of unemployment in India 2024, by education level

As per the Periodic Labour Force Survey of 2024, the unemployment rate among individuals with secondary education and above was 7.1 percent, the highest among other levels of education. Although the unemployment rate within this category fell from the previous financial year. 

Potential of the education sector

India's education sector is estimated to be valued at around 117 billion U.S. dollars and it is expected to grow to 225 billion U.S. dollars by 2025. It is a growing trend for many young Indians to attain two or three degrees in the hope of attaining a job. One of the largest young populations in the world presents a unique opportunity for the country in the education sector.

Educated unemployed

Youth unemployment in India was over 15 percent in 2023. This is despite the abundance of highly educated professionals.  The data suggests sharp mismatch between skills of the labor force and job creation. The lack of jobs in the non-farm sector for the newly graduated young population is a major cause of worry for the Indian economy.