Correct Answer: High youth employment

Solution : The correct answer is (d) High youth employment.

The Indian labor market faces a number of challenges, including:
Skill mismatch: The skills of the workforce do not match the skills required by employers. This is a major problem in India, where the unemployment rate among graduates is very high.

Gender inequality: Women are less likely to participate in the labor force than men. This is due to a number of factors, including social norms, lack of childcare, and lack of access to education and training.

Low workforce participation rate: The workforce participation rate in India is low, meaning that a large number of people are not working. This is due to a number of factors, including poverty, lack of education and training, and lack of opportunities.

High youth employment is not a challenge faced by the Indian labor market. In fact, the unemployment rate among youth in India is very high. In 2021, the unemployment rate among youth aged $15-29$ was $23.5 \%$. This is due to a number of factors, including skill mismatch, gender inequality, and low workforce participation rate.

In conclusion, the challenge faced by the Indian labor market that is NOT listed above is High youth employment.