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Youth employment for inclusive growth: a review and research agenda in global perspective with special reference to India

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Abstract

In instances where the “youth bulge” in developing nations is aggravating the unemployment crisis and contributing to a detrimental cycle of events, inclusive growth (IG) has emerged as a cutting-edge development model. The academic interest in inclusive growth and unemployment-related research is plentiful, but the exclusive search into youth employment for inclusive growth is sparse. Based on a conceptual framework that offers an overview of the topic, this paper examines studies on youth unemployment concerning inclusive growth. It specifically explores the concept of inclusive growth, the financial and socio-psychological aspects of youth unemployment, and ways of tackling unemployment, such as youth entrepreneurship and skill development in pursuit of inclusive growth. By addressing these challenges, the assessment reveals ways to achieve SDGs such as SDG 8 (decent work and economic growth) and SDG 10 (reduced disparities). The relevant literature was extracted using qualitative content analysis and recursive content abstraction approaches. The study adds to the multidisciplinary literature on youth studies, entrepreneurship, and development economics. This study summarises the current level of knowledge on these topics, identifies research gaps, and offers interesting future research directions that will benefit academics and practitioners.

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Abbreviations

IG:

Inclusive growth

SDG:

Sustainable development goal

GOI:

Government of India

ILO:

International Labour Organization

WEF:

World Economic Forum

UNDP:

United Nations Development Programme

OECD:

Organisation for Economic Co-operation and Development

UNCTAD:

United Nations Conference on Trade and Development

SME:

Small and medium-sized enterprises

AIM:

Atal Innovation Mission

EC:

European Commission

UNICEF:

United Nations Children’s Emergency Fund

DLLLE:

Department of Life Long Learning and Extension

KSID:

The Kerala State Institute of Design

KASE:

Kerala Academy for Skills Excellence

ITD:

Industrial Training Department

LIFE:

Livelihood Inclusion and Financial Empowerment

GOK:

Government of Kerala

CEEC:

Central and Eastern Europe Countries

YUR:

Youth Unemployment Rate

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  1. Post Graduate and Research Centre, Department of Commerce, Sacred Heart College (Autonomous), Thevara, Kochi, Kerala, India

    P. Varsha Pramod

  2. School of Management Studies, Cochin University of Science and Technology, Kochi, Kerala, India

    Remya Ramachandran

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Conceptualization to final draft: P Varsha Pramod.

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Varsha Pramod, P., Ramachandran, R. Youth employment for inclusive growth: a review and research agenda in global perspective with special reference to India. J Glob Entrepr Res 13, 9 (2023). https://doi.org/10.1007/s40497-023-00354-4

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  • DOI: https://doi.org/10.1007/s40497-023-00354-4

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