How can the service sector reduce educated unemployment in India?
The service sector is developing at a fast pace in India. It has successfully provided many employment opportunities for the educated youth of the country in the following ways:
1. Business Processes Outsourcing or BPO employes many people who are able to provide their services across the globe through telecommunication.
2. Information technology or IT sector has set up many companies in metropolitan cities. They employ skilled engineers for software services all over the world.
3. The entertainment industry has also been providing many jobs in areas such as print, film, television etc.
4. People have also employed in the advertising sector as well as the banking and Insurance sector.
All of the above-mentioned factors required a high level of skill as well as an advanced knowledge of the technical types of equipment. Thus, they have been able to reduce the problem of educated unemployment in the country.
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