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Detailed Unemployment in India Project

Unemployment in india after covid

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saumitrved
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15 views5 pages

Detailed Unemployment in India Project

Unemployment in india after covid

Uploaded by

saumitrved
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Unemployment in India

Index

1. Acknowledgment
2. Certificate
3. Introduction
4. Definition of Unemployment
5. Types of Unemployment in India
6. Causes of Unemployment
7. Impact of Unemployment
8. Government Policies and Measures
9. Case Studies/Statistics
10. Suggestions and Solutions
11. Conclusion
12. Bibliography

Acknowledgment

I would like to express my sincere gratitude to my Economics teacher,

[Teacher's Name], for their valuable guidance and support throughout this

project. I also thank my family and friends for their encouragement in

completing this study.

Introduction

Unemployment is a significant socio-economic issue in India, where a large

section of the population remains unemployed or underemployed. This project

aims to explore the causes, types, impacts, and solutions to unemployment in

India, while highlighting the role of government policies in addressing this


challenge.

Definition of Unemployment

Unemployment refers to the situation where individuals who are capable of

working and are actively seeking work fail to find suitable employment.

According to the International Labour Organization (ILO), unemployment is

measured by the unemployment rate, which is the percentage of the labor force

that is jobless.

Types of Unemployment in India

1. Structural Unemployment: Occurs when workers' skills do not match job

requirements.

2. Seasonal Unemployment: Common in agriculture during non-harvesting

periods.

3. Cyclical Unemployment: Results from economic downturns.

4. Frictional Unemployment: Temporary unemployment during job transitions.

5. Technological Unemployment: Caused by automation replacing human jobs.

6. Disguised Unemployment: More people employed than needed, reducing

productivity.

Causes of Unemployment

1. Population Growth: Rapid population growth leads to job scarcity.

2. Economic Slowdown: Industries cutting jobs due to recessions.

3. Skill Mismatch: Lack of vocational training and relevant education.

4. Overdependence on Agriculture: Limited non-agricultural job opportunities.


5. Technological Advancements: Machines replacing manual labor.

6. Social Barriers: Gender and caste-based discrimination.

Impact of Unemployment

Economic Impact:

- Reduced GDP growth and economic stagnation.

- Increased poverty and inequality.

Social Impact:

- Rising crime rates and social unrest.

- Mental health challenges like depression and anxiety.

Political Impact:

- Distrust in government policies.

- Increased political instability and protests.

Government Policies and Measures

1. MGNREGA: Guarantees 100 days of wage employment for rural households.

2. Skill India Mission: Focuses on vocational and skill-based training.

3. Start-Up India: Promotes entrepreneurship and job creation.

4. PMEGP: Provides financial assistance for self-employment.

5. Atmanirbhar Bharat: Encourages domestic production and employment

generation.

Case Studies/Statistics
Recent data from the Centre for Monitoring Indian Economy (CMIE) indicates an

unemployment rate of around [XX]% in 2023. Rural areas experience higher

disguised unemployment, while urban areas face challenges due to economic

slowdowns and automation. Policies like MGNREGA have shown success in

certain states like Rajasthan and Kerala.

Suggestions and Solutions

1. Promoting Entrepreneurship: Encourage self-employment through financial

aid and training.

2. Enhancing Skill Development: Integrate skill-based learning in educational

institutions.

3. Boosting Labor-Intensive Industries: Focus on sectors like manufacturing

and textiles.

4. Supporting Women's Employment: Ensure workplace safety and gender

equality.

5. Encouraging Foreign Investments: Create policies to attract multinational

companies.

Conclusion

Unemployment in India is a multifaceted issue that requires collaborative

efforts from the government, private sector, and citizens. By addressing root

causes and implementing effective policies, India can move toward inclusive

economic growth and prosperity.

Bibliography
1. Textbooks: NCERT Economics Class 12.

2. Websites: Government of India portals, CMIE reports.

3. Research Papers: Studies on unemployment trends in India.

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