According to PLFS Reports, the estimated unemployment rate (UR) for people with graduate degrees who are 15 or older was 17.2%, 15.5%, and 14.9% during 2019–20, 2020–20, and 2021–22, respectively. 

This data illustrates a declining trend in the UR for people with graduate degrees.  

With effect from 1st October 2020, the Aatmanirbhar Bharat Rojgar Yojana (ABRY) was introduced to encourage employers to create new jobs and replace those lost due to the Covid-19 epidemic.  

The "National Apprenticeship Promotion Scheme (NAPS)" is implemented to increase the employability of young people. Under this program, the government reimburses apprentices for 25% of their monthly stipend.  

The Government has brought in the National Education Policy (NEP) 2020, the Scheme for Higher Education Youth in Apprenticeship and Skills (SHREYAS), and more programs to improve the employability of youth.