India's youth unemployment 13%, ninth highest among top 20 economies, though GDP growth highest in world

India's 13% youth are unemployed, if a recent social media monitor, Spectator Index, is any indication. This 9th highest among a group of 20 countries which has been selected as worst performers as far as youth unemployment goes.
While it is lower than South Africa (54%), Greece (42%), Spain (34%), Italy (33%), Iran (28%), France (20%), Turkey (17%), and Belgeum, it is higher than UK and Canada (both 12%), Australia, Ireland (11%), Poland (11%), Norway (9.7%), US (8.9%), Vietnam (7.3%), Netherlands (7.2%), Germany (6.2%) and Japan (3.8%).
Ironically, the poor performance of youth unemployment comes even as India experienced higher GDP growth in 2018, 7.2%, followed by Bangladesh and China 7% and 6.6% respectively. Pakistan's GDP growth this year is 5.4%, Indonesia's 5.3%, Ireland's 4.5%, Iran's 4%, and so on.
Yet another figure released simultaneously shows that the minimum wage, per hour, for 2018, is the lowest in India among 18 top world economies. Thus, it is $14.5 in Australia, the best performing country, $10.6 in Germany, $10.5 in UK, $8.1 in Canada, $7.2 in US, $6.5 in Japan, $1.7 in Brazil, $0.8 in China, $0.6 in Russia, it is just $0.3 in India.

Comments

ALSO READ...

Raghuram Rajan, others: Right to Education "unnecessary, disruptive" for low-cost private, government schools

States "violating" tribal rights in India's mining areas: mm&P delegates tell MPs, PMO, NCST

Dalit rights body to oppose 10% reservation to dominant castes in Supreme Court

Govt of India "bent on selling off" coast to corporates, "eliminate" fishing communities

Countries in Vibrant Gujarat summit should stage a boycott as minority rights "not respected" in state

Ahmedabad not open defecation free, visit slums near Gandhi Ashram to verify: Manav Garima

Delhiites force cancellation of public hearing for waste-to-energy plant in a densely-populated area

Poor AMC allocation: Basic amenities, gutter lines lacking, forcing slumdwellers to defecate in open, Ahmedabad authorities told

NBA's women activists "succeed" in putting an end to tree cutting spree in Narmada valley

Quash FIR against Dalit academic Anand Teltumbde: Petition to Modi