Unemployment in India is a major issue, with estimates of unemployed or underemployed Indians ranging from 70-100 million. This level of unemployment undermines India's development goals and has led to social and economic problems. While India's economy has grown recently, this growth has not generated enough jobs, and unemployment may be rising. The government has implemented various programs aimed at job creation, rural development, skills training, and entrepreneurship, but these efforts have faced challenges in addressing the enormous scale of unemployment in India. Expanding employment opportunities remains a critical priority for India's future.
Youth Unemployment in India - Present ScenarioArul Edison
Young Indians face major barriers because of poverty and low levels of human capital. Though educational attainment has risen quickly in recent years, gaining a foothold in the labour market remains elusive for many young Indians. In rural and urban areas, young males are usually employed in casual jobs, while their female counterparts tend to be self-employed. Although a large proportion of young rural women are employed in agriculture, rural males are increasingly turning to the non-farm sector. In comparison, young urban males are largely working in the services sector. This paper highlights youth unemployment in India - present scenario.
Human Resources and Economic DevelopmentAyesha Arshad
INTRODUCTION TO HUMAN RESOURCES & ECONOMIC DEVELOPMENT
INDICATORS OF HUMAN RESOURCES
IMPORTANCE OF HR DEVELOPMENT
COMPONENTS OF HUMAN RESOURCE DEVELOPMENT
SOCIAL/ NON-ECONOMIC FACTORS OF ECONOMIC GROWTH
Youth Unemployment in India - Present ScenarioArul Edison
Young Indians face major barriers because of poverty and low levels of human capital. Though educational attainment has risen quickly in recent years, gaining a foothold in the labour market remains elusive for many young Indians. In rural and urban areas, young males are usually employed in casual jobs, while their female counterparts tend to be self-employed. Although a large proportion of young rural women are employed in agriculture, rural males are increasingly turning to the non-farm sector. In comparison, young urban males are largely working in the services sector. This paper highlights youth unemployment in India - present scenario.
Human Resources and Economic DevelopmentAyesha Arshad
INTRODUCTION TO HUMAN RESOURCES & ECONOMIC DEVELOPMENT
INDICATORS OF HUMAN RESOURCES
IMPORTANCE OF HR DEVELOPMENT
COMPONENTS OF HUMAN RESOURCE DEVELOPMENT
SOCIAL/ NON-ECONOMIC FACTORS OF ECONOMIC GROWTH
Ppt on Employment Problem By Mandar Abhyankar The excess of population is actually affecting the employment in India. The opportunities are less as compared to the number of employees. Thus, many people remain unemployed.
Poverty
Meaning
Absolute and relative poverty
Causes of poverty
Unemployment
Meaning
Types
Causes
Remedies
Inflation
Meaning
Types
Cause
Remedies
I just leave the first page for your editing
Future of Work – Preparing for Disruptions: Indian context
How India is gearing up in Preparations and towards supporting the Workforce??
Introduction :
Changing nature of work has created disruptions, discontinuities as well as opportunities.
This is not seen in some selected countries but across the world, be it a developed country, or a developing country.
Like any other country, India has its own unique set of challenges in preparing and supporting its workforce from a governance point of view.
Take the case of India, thanks to globalization and IT revolution, India became the back office of the world , with “Bangalored”, a euphemism , which signifies job loss elsewhere in the developed economy entering the oxford Dictionary
Governments in pursuit of economic growth love to invest in physical capital
far less interested in investing in human capital, which is the sum total of a population’s health, skills, knowledge, experience, and habits. That’s a mistake many countries made, the case for India was slightly different thanks to “ Nehruvian socialism” in the post-independence era.
In the recent years this has only been further augmented with opening up of the economy further and leveraging of automation/ innovation across sectors. Today India is at the forefront in terms of technical education and English speaking population with the right skills for the global demand in new forms of employment.
While all this is true in terms of progress, for the size of India with a Billion plus population, it is equally disheartening to find that the informal sector has only increased if not lesser with more than 75% of the population still in the informal side with no benefits and protection.
Governments have an important role to play in fostering human capital acquisition.
Fortunately for India since independence significant progress has been made on 3 fronts:
1. Formal Jobs
2. Education access
3. Health care
Today’s governments across the world have a more definite role to play in the area of social inclusion and life long learning facilitation for it’s work force and population as a whole.
with the help of world wide social organisations, Governments, and societies at large. All need to work in tandem, in order to Benefit from the torrential opportunities, thanks to new technologies and disruptive innovations, unseen in the history of mankind, Can lead to prosperity and health for most if not all
Impact of Migration and Unplanned Development on the Urban Populationijtsrd
India today is emerging as a faster growing economy, and estimated to become the country with the largest population by 2050 crossing China. India's urbanization development has happened in an unplanned manner and with speedy migration happening from rural to urban India, it is expected that by 2030, 40 of the population will be living in urban India. Urban India can be divided into 2 categories the rich and the poor people, the rich people have access to everything and the poor and the middle class have become a victim of climate change, food shortage, India urban waste maximum amount of food in the world, it utilize maximum amount of groundwater for construction purpose. The economy of the country lies in the hand of 1 of the population who are rich, and the rest don't have much control, the average income is very less of a urban middle class to satisfy the basic necessities, the urban poor are becoming more poor, the smart city mission will bring development and economy growth but will make the rich richer and middle class people, upper middle class. Inequality, lack of opportunities where the educated unemployed youths can never help India come out of poverty. It is a growing economy in the world but very poor when it comes to development for its people. Dr. Sumanta Bhattacharya | Debashis Sen | Bhavneet Kaur Sachdev "Impact of Migration and Unplanned Development on the Urban Population" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46469.pdf Paper URL : https://www.ijtsrd.com/other-scientific-research-area/other/46469/impact-of-migration-and-unplanned-development-on-the-urban-population/dr-sumanta-bhattacharya
The economic prosperity of a nation depends on the quality of its workforce. The present study attempts to describe the work force participation rates in India. This study illustrates the spatial and temporal change in the work force participation of persons (males and females) in India, highlighting important differences due to sex, age, place of residence. A striking feature has been a rising trend in the rural female work force participation rates after liberalization (1991) but declining trend in the last decade (2011). This work force distribution also presents data regarding number of main and marginal workers. The time series data on work force distribution by category of workers like cultivators, agricultural laborers, workers in rural Household industries, etc. also presents a picture of structural change occurring in the economy. The temporal analysis of total workers of India explains that the work participation rate has registered continuous increase in the last three decades.
ENTREPRENEURSHIP DEVELOPMENT AND UNEMPLOYMENT IN NIGERIAIJM Journal
A number of policy intermediations in Nigeria that were targeted at inspiring and stimulating entrepreneurship development through small and medium scale enterprises have botched. In its place of creating in-country entrepreneurial capacity, entrepreneurs have been converted and become distribution agents of imported goods. This paper argues the development of entrepreneurship and stressed that it has been instrumental in economic growth, balanced regional development and job creation in most vibrant economies, where technology is changing at a faster rate and the product lifetime cycle is dwindling. This paper also looks at Nigeria’s growing unemployment situation and how it increasingly deteriorates the potentials of the country. It emphasizes the prominence and significance of entrepreneurship as realistic machinery for sustainable economic growth and employment generation in Nigeria seeing the experiences of developed nations like Australia, the United States and vibrant economies like China and India.
Notes About chapter-2 Economics People as Resources
It will be very useful to class 9 student/ Secondary School student to gain the knowledge upon the economy of the India. If you have some doubt then drop down a comment I will try to respond early and also make you clear the doubt on the particular Topic.
Thank you.
This power point presentation will describe about the Concept Of Employment , Kinds Of Employment , Causes of Unemployment In India, Steps to reduce unemployment and Government Policies measures to reduce unemployment
Ppt on Employment Problem By Mandar Abhyankar The excess of population is actually affecting the employment in India. The opportunities are less as compared to the number of employees. Thus, many people remain unemployed.
Poverty
Meaning
Absolute and relative poverty
Causes of poverty
Unemployment
Meaning
Types
Causes
Remedies
Inflation
Meaning
Types
Cause
Remedies
I just leave the first page for your editing
Future of Work – Preparing for Disruptions: Indian context
How India is gearing up in Preparations and towards supporting the Workforce??
Introduction :
Changing nature of work has created disruptions, discontinuities as well as opportunities.
This is not seen in some selected countries but across the world, be it a developed country, or a developing country.
Like any other country, India has its own unique set of challenges in preparing and supporting its workforce from a governance point of view.
Take the case of India, thanks to globalization and IT revolution, India became the back office of the world , with “Bangalored”, a euphemism , which signifies job loss elsewhere in the developed economy entering the oxford Dictionary
Governments in pursuit of economic growth love to invest in physical capital
far less interested in investing in human capital, which is the sum total of a population’s health, skills, knowledge, experience, and habits. That’s a mistake many countries made, the case for India was slightly different thanks to “ Nehruvian socialism” in the post-independence era.
In the recent years this has only been further augmented with opening up of the economy further and leveraging of automation/ innovation across sectors. Today India is at the forefront in terms of technical education and English speaking population with the right skills for the global demand in new forms of employment.
While all this is true in terms of progress, for the size of India with a Billion plus population, it is equally disheartening to find that the informal sector has only increased if not lesser with more than 75% of the population still in the informal side with no benefits and protection.
Governments have an important role to play in fostering human capital acquisition.
Fortunately for India since independence significant progress has been made on 3 fronts:
1. Formal Jobs
2. Education access
3. Health care
Today’s governments across the world have a more definite role to play in the area of social inclusion and life long learning facilitation for it’s work force and population as a whole.
with the help of world wide social organisations, Governments, and societies at large. All need to work in tandem, in order to Benefit from the torrential opportunities, thanks to new technologies and disruptive innovations, unseen in the history of mankind, Can lead to prosperity and health for most if not all
Impact of Migration and Unplanned Development on the Urban Populationijtsrd
India today is emerging as a faster growing economy, and estimated to become the country with the largest population by 2050 crossing China. India's urbanization development has happened in an unplanned manner and with speedy migration happening from rural to urban India, it is expected that by 2030, 40 of the population will be living in urban India. Urban India can be divided into 2 categories the rich and the poor people, the rich people have access to everything and the poor and the middle class have become a victim of climate change, food shortage, India urban waste maximum amount of food in the world, it utilize maximum amount of groundwater for construction purpose. The economy of the country lies in the hand of 1 of the population who are rich, and the rest don't have much control, the average income is very less of a urban middle class to satisfy the basic necessities, the urban poor are becoming more poor, the smart city mission will bring development and economy growth but will make the rich richer and middle class people, upper middle class. Inequality, lack of opportunities where the educated unemployed youths can never help India come out of poverty. It is a growing economy in the world but very poor when it comes to development for its people. Dr. Sumanta Bhattacharya | Debashis Sen | Bhavneet Kaur Sachdev "Impact of Migration and Unplanned Development on the Urban Population" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd46469.pdf Paper URL : https://www.ijtsrd.com/other-scientific-research-area/other/46469/impact-of-migration-and-unplanned-development-on-the-urban-population/dr-sumanta-bhattacharya
The economic prosperity of a nation depends on the quality of its workforce. The present study attempts to describe the work force participation rates in India. This study illustrates the spatial and temporal change in the work force participation of persons (males and females) in India, highlighting important differences due to sex, age, place of residence. A striking feature has been a rising trend in the rural female work force participation rates after liberalization (1991) but declining trend in the last decade (2011). This work force distribution also presents data regarding number of main and marginal workers. The time series data on work force distribution by category of workers like cultivators, agricultural laborers, workers in rural Household industries, etc. also presents a picture of structural change occurring in the economy. The temporal analysis of total workers of India explains that the work participation rate has registered continuous increase in the last three decades.
ENTREPRENEURSHIP DEVELOPMENT AND UNEMPLOYMENT IN NIGERIAIJM Journal
A number of policy intermediations in Nigeria that were targeted at inspiring and stimulating entrepreneurship development through small and medium scale enterprises have botched. In its place of creating in-country entrepreneurial capacity, entrepreneurs have been converted and become distribution agents of imported goods. This paper argues the development of entrepreneurship and stressed that it has been instrumental in economic growth, balanced regional development and job creation in most vibrant economies, where technology is changing at a faster rate and the product lifetime cycle is dwindling. This paper also looks at Nigeria’s growing unemployment situation and how it increasingly deteriorates the potentials of the country. It emphasizes the prominence and significance of entrepreneurship as realistic machinery for sustainable economic growth and employment generation in Nigeria seeing the experiences of developed nations like Australia, the United States and vibrant economies like China and India.
Notes About chapter-2 Economics People as Resources
It will be very useful to class 9 student/ Secondary School student to gain the knowledge upon the economy of the India. If you have some doubt then drop down a comment I will try to respond early and also make you clear the doubt on the particular Topic.
Thank you.
This power point presentation will describe about the Concept Of Employment , Kinds Of Employment , Causes of Unemployment In India, Steps to reduce unemployment and Government Policies measures to reduce unemployment
Problem of Invisible Labor In India.pptxtaxguruedu
The current article focuses on the absence of documentation and registration of employees, mostly made up of the informal class of workers, who are known as the invisible labour workforce since they cannot be discovered to be recognised as being legally employed.
Emergence of india as an economic super powerKavya B.S
Four important strategies for our Economy to prosper is that of:
1) Inclusive growth
2) Environmental concern
3) Investment in innovation
4)Curbing of Black Money
thus explaining each of them.
CALL FOR PAPERS for May 2010 issue of IER journal published at the IIPM Think Tank, Hyderabad
Topic: INCLUSIVE INDIA: DOES MARKET OFFER A SOLUTIONS FOR GROWTH?
Changing work and its impact on Human ResourcesDebasis Ray
A proposed solution which can convey how the nature of work is changing and what your country/sector governments can do to prepare and support their workforces
Youth are not only the leaders of tomorrow, but also the partners of today. Young people are social actors of change and progress. They are a crucial segment of a nation's development. Their contribution, therefore, is highly needed.
Graduates Unemployment- A Case of Jalgaon Cityiosrjce
This paper provides a broad overview of the employment situation among graduates which is a major
concern of government and their social partner throughout the region. In India, a stated objective of economic
policy planning is achievement of high rates of growth of the economy and sustained improvement in the
standards of living of people. However, despite impressive economic growth over the years, the situation on
employment front leaves much to be desired. Growing integration of our economy with the global economy has
increased the susceptibility of the economy to the vagaries of global economic forces.
In analyzing the situation, it needs proper understanding of the current situation of unemployment problem
faced by the country at large and also its consequences. With an object to understand the present situation of
unemployment faced by the graduates and also to understand the various causes and consequences of the same,
this research paper is presented as a case study of students of various faculties in Jalgaon City. The
methodology used for this paper is primary data. The research has covered various problems and issues of a
social issue – graduates’ unemployment which include many aspects like health issues which affect physically as
well as psychologically on students’ life, lower economic growth, increased rate of crimes, and suicide as the
last option after facing so many problems.
Essay India’s Aging Population
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IIIE SECTION A ECONOMICS NOTES : Unemployment in india
1. “Jobs in India are shrinking at an alarming rate. Privatization and globalization have
further aggravated the problem. Instead of generating employment, they have rendered
millions of hands idle. American policies are effective there but not in India where the
accursed ones are left to fend for themselves leading to frustration, disappointment, anger
and violence".
Unemployment is the mother of countless ills. It is such a poison that pollutes the society,
endangers the democratic fabric of the country. We can't expect nobility, honesty and
truth from a person who is unable to manage two square meals a day for his family. An
unemployed person has no sense of self-respect as he has no sense of security.
"Rightly", said by Franklin, “A ploughman on his feet is better than a gentleman on his
knees. "
Estimates of the total number of Indians unemployed or underemployed vary between 70
and 100 million. This figure can cause concern to any nation, but to a developing country
like ours, it is the cause of great distress. A developing country must mobilize its
manpower resources to the maximum possible extent and a developing country with such
a large segment of its population unemployed or underemployed is a contradiction in
terms.
In India the specter of frustration of misery and hunger of fallen hopes and barren dreams
of bitter pain and dark despair haunts the unemployed.
It is true that the future of a country depends on the ability and the mental attitudes of its
young men and women then India has already lost the will to develop. If India allows her
young men to be gripped by insecurity and frustration, she will have to pay for
modernization and rapid advancement with several years of stagnation.
The universities with their techniques of mass education and system of examination, offer
little information and less understanding. The grapes at the end of the course, acquired
after many years of ill-spent effort and spending bulk of hard earned money of the
parents, very often turn out to be sour, as the degrees soon prove valueless, and succeed
neither in increasing the students' mental alertness and intellectual capabilities nor in
raising their chances of employment.
The student unable to secure employment passes on from one academic degree to another
from one vacuum to another and as he goes on, the employment that he desires becomes
increasingly elusive. At the end of the process, the student very soon realize that he is not
a first-class intellectual who can step out of the university into waiting eager commercial
units; that he is not doing them a favor by joining them but that they are doing him a
favor by accepting him.
Many of them drift aimlessly into coffee houses, theatres and billiard clubs in an effort to
escape from the world in which they are sure they have no place and utility., Should not
2. this in itself cause distress to a nation which requires all possible physical and
psychological assistance with which to develop?
"Employment generation is an issue of life and death for our democracy”, says Amit
Mitra, secretary general of the Federation of Indian Chambers of Commerce and
Industry, a business lobby.
India was Asia's fastest expanding economy in the most recent quarter data Growth is its
highest in nearly 15 years. Glitzy shopping malls are springing up and a culture of
consumption is taking root as foreign companies are attracted by cheap labour.
But growing unemployment is forcing people from rural areas to migrate in hordes to
nearby cities and towns, creating slums, social unrest and electricity and water shortages.
"There is some truth in the fact that jobs have not grown as much as expected as the
economy has grown," Ashok Lahiri, chief economic adviser to the government, told
Reuters, "We have to expand employment. There is no doubt about that. "But even
getting to grips with the scale of the problem is hard enough: India does not regularly
release unemployment data and forming a view on the trends has to come from a
combination of rarely issued official reports and anecdotal evidence.
Millions of laboring, street vending and farm jobs fall below the government’s radar
screen and getting information on them is a daunting task. Some 92 percent of Indian jobs
are thought to be informal. Even for the remaining eight percent, the numbers are hard to
come by. The government issues an employment report once every five years and
economists can glean trends from Indian census data which is published every 10 years.
The world’s top economies publish data every month. India estimate un-employment
currently to be around 7.8 percent, a government official said. Whether it is, the figure
looks to be on the rise. The Planning Commission says nearly35 million people are
registered with employment exchanges from 27 million four years ago.
India knows one thing based on demographic trends, is that to keep the jobless rate from
rising more, it must create some 60 million jobs in five years as more Indians enter the
job market. More than 65 percent of the population is under 35. India expects economic
growth of at least eight percent in the year ended March 2004. But economists say it's not
enough to create 12 million jobs a year. For instance,the country's success in information
technology and emerging areas such as retail and tourism is expected to adjust some 2.2
million jobs in the next few years, according to industry estimates. Government adviser
Lahiri bristles at the suggestion this is a jobless recovery. "I don 't think the growth has
been jobless is an overstatement” he said.
But economists say the trend threatens long-term prospects."If we fail to create more jobs
it will lead to a lot of social tension which in turn will hurt the economy," said Saumitra
Chaudhuri, economic adviser at Indian credit finl1 ICRA."Large unemployment for a
country like India is not something desirable," he said.
3. Some economists say the jobs problem stems from an economic liberalization
programme launched more than a decade ago. The country's huge public sector has shed
thousands of jobs since it stepped on the road to privatization in the early 1990s.The
Planning Commission, in a report on employment published last year, attributed rising
joblessness to a policy of shedding excess labour in both the private and public sector. It
said companies had stepped up investment in plants and machinery more than in labour-
intensive industries.Economists add that a $53 billion fiscal deficit prevents the
government from creating employment by spending more on social sectors such as health
and education." We should be looking for a fiscal-led economic expansion based on the
basic needs of the people which will have a much higher multiplier effect," says Jayati
Ghose, professor at New Delhi's Jawaharlal Nehru University.
In the light of this the task of harnessing the unemployed should be put on a war footing.
Massive urban recruitment will be useless as the cities which have got along well enough
without the recruits, can certainly continue to do so. Besides, massive urban recruitment
will be. inflationary and hence is impracticable. The unemployed population should be
mobilized for rural reconstruction, especially as the villages lack technical know-how and
also that 70 per cent of India's population lives there. Stressing on agronomy will
augment rural reconstruction, enlighten the farmers, raise agricultural production,
conserve foreign exchange and above all be a step towards self-sufficiency and
employment for ail.
The only other country which successfully mobilized vast populations for national
development is China. If we are to mobilize our man power resources we must learn from
the mistakes of China during her Great Leap Forward. The Chinese made three basic
mistakes. Firstly, the peasants were given inadequate training. Secondly, the tax levied on
agriculture communes was exorbitant often is high as 70 per cent the total produce.
Finally, recruitment was governed not by considerations of merit and ability to do the job,
but by loyalty to the Communist Party and on ideological grounds. In India the
counterpart of this last mistake is recruitment of workers on communal, regional and
linguistic grounds. This must go. It is the duty of every responsible and patriotic Indian to
herald in a new 'meritocracy.'
Unemployment in our country has become such a complicated, economic, social and
political issue, that requires urgent steps to eliminate its scourge. Half hearted measures
or temporary solutions will not yield any fruitful results. The foremost requirement is the
overhauling the existing educational system. We have to change the system from
producing white collar job seekers to practically job oriented technocrats, capable to start
their own ventures There should be perfect coordination and integration between our
education and the industrial environment. We have to search new avenues in farm sector,
herbal and medical fields to provide job opportunities after completing the education by
the students. India should also go for fast development of cottage and small industries.
Government should take effective steps so that the globalization does not effect the small
and cottage industries.The industrial development can relieve us from this problem to a
great extent. We must concentrate on labour intensive units. We have to plan and exploit
our industrial potential to the fullest extent to provide jobs to the fellow youths. In a
4. nutshell the problem of unemployment has to be dealt with on war footing lest the youth
should be diverted to some wrong path.
Schmes to reduce un employment in India
Apart from the programs which are mainly aimed at the development of infrastructure,
such as construction of small and large dams, canals and roads, the government strategies
to generate employment are closely associated with poverty-alleviation programs.
Nevertheless, the government has undertaken many special programs to generate
employment opportunities. The major ones among them are:
Rural Works Program: This program aims at construction of civil works of permanent
nature in rural areas.
Integrated Dry Land Agricultural Development: Under this scheme, permanent works
like soil conservation, development of land and water harnessing are undertaken.
National Rural Employment Program: This program aims to create community assets for
strengthening rural infrastructure, like drinking water wells, community irrigation wells,
village tanks, minor irrigation works, rural roads and schools.
The Rural Landless Employment Guarantee Program: It aims at generating gainful
employment, creating productive assets in rural areas and improving the overall quality
of rural life.
Skill Development: One of the major issues relating to unemployment is skill
development. Change in the production methods has led to increase in demand for skilled
labor. A skilled laborer is one who has proper training and education to work in a
particular field. Training and education increase the productivity of workers.
Skill development means:
To educate and provide specialized training to the labor force in order to increase their
productivity.
To ensure continuous employability of labor.
To be able to absorb the new technologies at the work.
To compete with the labor force of the other developed countries.
With a view to impart skills through training, the Government of India has taken many
steps. The Central Board of Workers' Education (CBWE), formed in 1958 is doing
significant work by creating understanding and enthusiasm among workers for the
5. success of industrial growth. There are around 4300 Industrial Training Institutes (ITIs)
operating in India to produce specialized workers. Various ministries of the Government
of India are providing vocational education and training. Vocational education has been
integrated at the school level as well. In the school system, there is a provision for
vocational education after Class X.
But there are a number of problems associated with these steps. The ITIs need
restructuring and reorientation of their courses at a much faster rate so as to respond
effectively to the current and future needs of the job market Further the Industry-Institute
interaction continues to be weak. The vocational courses offered by the school system are
to be modified in accordance with the manpower needs of the day.
Entrepreneurial Development: Growth of employment involves setting up of new
businesses, which apart from capital need expertise and organizing ability. Providing
training for this purpose and implementing schemes to promote entrepreneurship has,
therefore, been considered necessary for promoting self-employment.
The government has implemented a number of schemes for providing low cost capital to
the small enterprises and self-employed persons. The schemes are aimed at developing
their entrepreneurial ability, guiding them in preparation of project reports for financial
assistance and giving technical and professional help in running their businesses.
Financial institutions like banks have helped in this process by providing credit facilities
at concessional rates. These measures have brought about positive results in recent years
as a new class of entrepreneurs different from the earlier family-based businesses has
emerged. This group has helped in expansion of India's industries and businesses into
newer domains and regions.
6. success of industrial growth. There are around 4300 Industrial Training Institutes (ITIs)
operating in India to produce specialized workers. Various ministries of the Government
of India are providing vocational education and training. Vocational education has been
integrated at the school level as well. In the school system, there is a provision for
vocational education after Class X.
But there are a number of problems associated with these steps. The ITIs need
restructuring and reorientation of their courses at a much faster rate so as to respond
effectively to the current and future needs of the job market Further the Industry-Institute
interaction continues to be weak. The vocational courses offered by the school system are
to be modified in accordance with the manpower needs of the day.
Entrepreneurial Development: Growth of employment involves setting up of new
businesses, which apart from capital need expertise and organizing ability. Providing
training for this purpose and implementing schemes to promote entrepreneurship has,
therefore, been considered necessary for promoting self-employment.
The government has implemented a number of schemes for providing low cost capital to
the small enterprises and self-employed persons. The schemes are aimed at developing
their entrepreneurial ability, guiding them in preparation of project reports for financial
assistance and giving technical and professional help in running their businesses.
Financial institutions like banks have helped in this process by providing credit facilities
at concessional rates. These measures have brought about positive results in recent years
as a new class of entrepreneurs different from the earlier family-based businesses has
emerged. This group has helped in expansion of India's industries and businesses into
newer domains and regions.