Ajit Ranade: India must free its youth from a degree trap to brighten their employment prospects
In 2011, a young male graduate earned about ₹21,800 a month; a non-graduate ₹9,000. By 2023, the graduate earned ₹19,573 while the non-graduate ₹10,507. Graduate earnings have fallen in nominal terms over 12 years. Adjusted for inflation, they have collapsed. This data, buried in Azim Premji University’s fifth State of Working India report (2026), tells a stark story.
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