3. . . .
. . .
. . .
. . .
. . .
. . .
. . .
Unemployment a
serious predicament
in india
The unemployment rate in India fell to 7% in
September 2020 from the record high of 29%
since the country went into lockdown from
March 2020, says the report of CMIE-Centre
For Monitoring Indian Economy However, it
later increased to 9.1% in December 2020. The
unemployment rate again declined to 6.5 per
cent in January 2021 from 9.1 per cent in
December 2020, while the employment rate
surged to 37.9 per cent as compared to 36.9 per
cent. The lockdown to contain the coronavirus
outbreak has forced many industries to shut
down thus increasing unemployment
across the country.
We need to give importance
to skill development because
this way we can end
unemployment.
4. What is
Unemployment?
A low unemployment rate represents a strong
economy while a high unemployment rate
represents a weak economy.
Unemployment indicates the
health of the economy
Unemployment is a situation
when a person actively searches
for a job and is unable to find
work.
BASIC
KNOWLEDGE
5. Types of Unemployment in India
Disguised Unemployment
Structural Unemployment
Seasonal Unemployment
Vulnerable Unemployment
Technological Unemployment
Cyclical Unemployment
Frictional Unemployment
6. Causes of Unemployment
Large population.
Lack of vocational skills or low educational
levels of the working population.
Labor-intensive sectors suffering from the
slowdown in private investment particularly after
demonetization.
7. PROBLEM India is a developing country
and the key factor in the
development of any country is
its working population. But
India is facing the problem of
unemployment. The population
which could become an asset for
India is turning into liability.
This is causing great loss to
India. The generation of jobs is
not keeping pace with the
number of people coming
out for doing jobs.
8. SOLUTION The following things can be done
to overcome this problem:-
1. Setting up of government
factories
2. Cheap loans
3. Skill Development
4. Spreading awareness among
students
5. Formation of collective farms-
Collective farms should be
made by government in which
those workers are employed
who are not able to find job.
9. SOLUTION
The following things
can be done to
overcome this
problem:-
1. Setting up of
government
factories
2. Cheap loans
3. Skill
Development
4. Spreading
awareness among
students
5. Formation of
collective farms-
Collective farms
should be made
by government in
which those
workers are
employed who are
not
able to find job.
A man willing to work, and unable to find work, is
perhaps the saddest sight that fortune's inequality
exhibits under this sun. Of all the aspects of social
misery nothing is so heartbreaking as
unemployment. Being unemployed is the true
test of who you really are.
BY
RATIK RASTOGI , SHREYASHI SHUKLA
PRICE $100000
