Turning Chinese.

"China is now a country where a high-school handyman has a master's degree in physics; a cleaner is qualified in environmental planning; a delivery driver studied philosophy, and a PhD graduate from the prestigious Tsinghua University ends up applying for to work as an auxiliary officer." Youth unemployment figure was 16.1% in November 2024. BBC. In India, "The International Labour Organization estimates 29% of young university graduates were unemployed in 2022. That rate is nearly nine times higher than for those without a diploma, who typically find work in low-service or construction jobs." ET. According to a government report, unemployment has dropped from 6% in 2017-18 to 3.2% in 2022-23." "A separate report form Azim Premji University in Bengaluru published last year, meanwhile, found that more than 40% of college graduates under the age of 25 were unemployed, compared with just 11% in the same group who were literate but had not completed primary school." International Banker. However, a graduate is not necessarily useful. According to a report in December, "the employability among Indian graduates has seen a steady rise, reaching 54.81% as per a recent test." ET. Which means 45% are not fit to be employed. "For the first time in Nov, services exports were provisionally estimated by the commerce ministry at $35.7 billion, higher than merchandise exports of $32.1 billion." Software services contributed 47% of the total, with a rising share of Global Capability Centers (GCCs), the in-house centers of multinationals. As per Wizmatic, "over 1,500 GCCs employ 3.2m Indians (mostly engineers and scientists), generate revenues of $121 billion, and export $102 billion," wrote Swaminathan SA Aiyar. "India is on track to host 2,100-2,200 GCCs, creating 2.5-28 million jobs by 2030, said a Zinnov-Nasscom India GCC Landscape Report." The Hindu. So, "An American graduate degree continues to be highly sought after by Indian students despite worries about a rising number of them returning home after failing to secure decent jobs," and "Although 65-70% of graduating students secured jobs in 2022, the figure declined to 60% in 2023, with projections for 2024 even more somber at 55%." ET. "The Canadian government officially ended the Student Direct Stream (SDS) visa program on November 8, which had allowed Indian students to fast-track their study permit applications." About 60% of Indian students applied through this route. India Today. In addition, "Indian students studying in Canada have been left reeling after receiving emails from Immigration, Refugees and Citizenship Canada (IRCC) requesting the resubmission of crucial documents, including study permits, visas and educational records such as attendance and mark sheets." TOI. "View: India shouldn't let its data turn Chinese," wrote Mihir Sharma about the economy. ET. Since economic growth creates jobs, rosy growth must create rosy jobs. But, are they rosy? When in doubt, fake it.