Everyone aspires to enjoy a sound economic condition and highly respected social position. But lack of professional skill and suitable expertise are the major constraints that restrain one to be selected for a good job in the modern companies. This problem has been aggravated with the liberalization of the Indian economy during the to the era. As a result of that a long queue of the unemployed youths may be observed in front of the different employment exchanges located across this country. While the manufacturing companies are not getting suitable persons having adequate skill and knowledge to assume the responsible jobs in the areas of production and maintenance, as the youths are not skilled and trained to work there in a competitive environment. This is a peculiar type of unemployment problem in which India is suffering by the worst extent. The economists consider this kind of problems as ‘Structural Unemployment’.