The number of graduates produced every year determines the scope of government jobs in India. This is because government jobs are secure, while private-sector jobs are unsafe because there is always a risk of recession or automation, making people jobless. The scopes of government jobs are thus extensive for Indians. They range from IAS to PSU bank jobs, from government medical colleges to defence jobs.
In 2022, the net increase in the number of graduates will be 1.4 million per year, according to HSBC Global Research. This means that 1.15 million additional people will enter the labour force every year after 10 years, i.e., by 2022. Thus, government jobs will rise to 1.15 million per year by 2022.
2032 – There will be a further increase in the number of graduates every year after 2022, i.e., by 2032, there will be 2 million additional graduates, and thus, demand for government jobs will also double to 2 million per year.
2050 – According to research by HSBC, the number of graduates will increase from 2 million in 2032 to 3.6 million per year by 2050. Thus, the demand for jobs will be proportional and rise to 3.6 million per year after 2050.
The numbers for government jobs are thus very encouraging in the foreseeable future. They will increase every year till 2050. The best job security is with the Indian Government.
Teaching jobs are expected to increase considerably because there are not enough teaching colleges in India. However, even if teaching jobs are created by converting other government jobs, there is a massive gap between supply and demand. According to Business Standard, teaching jobs have been lacking by 2 million every year for the past 10 years. In other words, teaching positions should be created in India so that everybody has access to learning jobs, i.e., 1 % of the total population should get teaching jobs yearly.
If the Government takes teaching jobs seriously, then teaching jobs will increase by 2 million per year starting from 2022, i.e., learning positions will rise to 6.2 million every year till 2050. This is more than enough for Indians to get teaching jobs at all levels, i.e., teaching jobs in primary schools, teaching jobs in secondary schools, and teaching positions in universities.