061 - Issues Related to Unemployment
Highlight the fundamental reasons behind the employment problem that India is facing currently. Also, suggest a way forward.
Unemployment is defined as a situation when a person actively searching for employment is unable to find work. It is often used as a measure of the health of the economy. According to recent data from the Center for Monitoring Indian Economy (CMIE), India’s unemployment rate rose to 7.83% in April 2022. India employment problem: ..
The skill India mission of the government of India faces a 3E challenge, Education, Employment & Employability. Discuss and suggest measures to overcome these challenges.
Indian population has the advantage of being one of the youngest in the world. The focus on skilling the young Indian population began with a structural policy change with the Skill India mission in 2016. 3E challenge: Education: With an approximately 75% literacy rate, which is heavily skewed against women; India still needs to work ..
Examine the trends in unemployment rates across various religious groups in the light of Periodic Labour Force Survey (PLFS) data by Ministry of Minority Affairs.
The Ministry of Minority Affairs has placed the data from the Periodic Labour Force Survey (PLFS) related to unemployment rates across various religious groups. Trends across Religious Groups The 2017-18 PLFS had pegged the unemployment rates at 5.8% for rural male, 3.8% for rural female, 7.1% for urban male, and 10.8% for urban female. There was ..
Giving suitable examples, critically discuss why a thriving food processing industry has potential to address the unemployment crisis in India.
Food processing Industry transforms the agricultural produce into intermediary or ready to use products. Food processing industry is the sunrise industry having immense potential to address the unemployment crisis haunting the country because: India’s favorable location has made it possible to cultivate wide variety of crops all through the year. Thus an assured supply of ..
Explain why unemployment was a major problem in the USA during the 1930s, and why the problem was reduced in the years 1939-43.
As during the boom period of 1920s, the industries increased the production by using mechanisation of industry that resulted in surplus production of goods. During the Great Depression as the demand for goods fell and the ineffectiveness of Republican policies, wages were reduced, workers were laid off and factories closed down. This increased unemployment and ..
What do you understand by Employment Elasticity? Discuss the trends in India in different sectors over there recent years.
Model Answer: Employment elasticity is defined as the measure of how employment varies with changing economic output. A low employment elasticity shows jobless growth. Though, during the last decadal years 2004-14, India saw some of the highest rates of gross domestic product (GDP).But, the problem, however, is that this high growth hasn’t led to more ..