Unemployment occurs when a person who is actively searching for work cannot find a job. There are several types of unemployment, including cyclical, structural, technological, and seasonal unemployment. India's unemployment rate was 7.14% in January 2023, with urban areas higher at 8.55% and rural areas lower at 6.48%. High unemployment rates in some states include Haryana at 21.7% and Rajasthan at 21.1%. The government of India has implemented several programs to address unemployment such as Skill India, Startup India, and Mudra Yojana loan schemes. However, reducing population growth, encouraging skills-based education, and promoting private sector industries will be needed to fully
2. z
Unemployment
Unemployment occurs when
a person who is actively
searching for employment is
unable to find work.
Unemployment rate =
unemployed people ×100
total labour force
Formula:-
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z
Types of unemployment
Disguised Unemployment
Cyclical Unemployment
Structural Unemployment
Technological Unemployment
Seasonal Unemployment
Vulnerable Unemployment
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Statistical data
Unemployment Rate (%)
Jan 2023
India:- 7.14
Urban:- 8.55
Rural:- 6.48
High rate:-23.50 in April
2020
Haryana:21.7,
Rajasthan:-21.1 cmie.com
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z
Reason of unemployment
Increase in population
Agriculture in a seasonal
occupation
Low rate of saving and investment
Job specification
Lack of essential skilling
Caste system
Inflexible government policies
Low growth rate
6. z
Current scenario
Vice-President Inaugurated 36th SurajKund
Handicrafts Mela In Haryana
On the inaugural occasion, he urged everyone to
consider locally produced handicraft items when
looking for gifts for their friends and relatives.
He underscored that such an approach would
not only help in the conservation of many unique
art forms but also enhance the economic
condition of the talented artisans & craftsmen.
Goggle Invests $300 million in Artificial
Intelligence Start up Anthropic
An artificial intelligence startup whose
technology is said to rival OpenAI, the
company behind ChatGPT. According to the
deal, Anthropic has agreed to purchase some
of Google’s services to support its technology.
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7. z
US Offers Critical Tecnologies to India
under iCET,elevates strategic partnership
India and the United States launched a programme to enhance their
strategic partnership with delegations led by the National Security
Advisor (NSA) Ajit Doval and his American counterpart, Jake Sullivan at
their meeting in Washington for the inaugural dialogue of the Initiative
on Critical and Emerging Technologies (iCET).
8. z
Steps taken by government to increase
employment
E – Shram Card
Skill India scheme
Stand up India
Mudra Yojna
Pradhan Mantri Jan Dhan
Yojana
Startup India initiative
Schemes:-
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Solutions
Change in education system
Fight racism
Subsidies for companies how
are reintegrating unemployed
persons
Programs & drug addiction
Support programs for mental
issues
Fight structural unemployment
Create jobs
Population control
Development of small industries
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CONCLUSION
In conclusion, We must admit the bitter fact that no government can
provide jobs to all unemployed youth. More government measures
cannot solve such an enormous problem. Still, the government
should adopt measures to create opportunities for self-employment.
I can understand that industrialization can affect unemployment
positively as well as negatively.
To solve unemployment in India,
} population growth should be checked.
} People should be encouraged to go for skills based education.
} Government should promote the establishment of industries by private
sector/micro industries.