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An exam leak in India exposed a Gen Z jobs crisis that goes much deeper

📰 source: cnbc_topnews · 💼 business

india's youth unemployment crisis is the biggest vulnerability for narendra modi's government, with a leaked medical exam paper triggering nationwide protests. the neet exam leak in may forced a retest in june and led to more than 20 student suicides. graduate unemployment for 15-25 year olds is close to 40%, and graduates make up two-thirds of the country's unemployed in 2023.

between 2004 and 2023, india produced about 5 million graduates a year, but only 2.8 million found jobs, and fewer got salaried work. nearly 45% of the workforce still sits in agriculture, which contributes just 15-16% of gdp, while manufacturing has barely grown. that's why millions compete for exams like neet, jee, and upsc that offer one of the few secure paths to a well-paid job.

the protests, driven by a social media youth group called the cockroach janta party, pushed education minister dharmendra pradhan to resign. modi has since appointed a new education minister and a task force led by nandan nilekani to overhaul education. parliament also passed a bill with up to 10 years in jail for exam leaks. but economists warn india's demographic dividend could turn into a burden if good jobs don't materialize.

why it matters: india's youth unemployment is so severe that exam leaks triggered national protests, pressuring modi's government to act on education and jobs.

source: cnbc_topnews
sentiment: -0.40 · impact: 0.30

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Surprise fall in US jobs last month as slow summer continues

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China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects