Discuss the measures taken up by the government of india to tackle the problem of unemployment
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The latest report of Mumbai based think tank Centre for Monitoring Indian Economy (CMIE) released on March 02, 2020, reveals that unemployment rate in India (the third-largest economy of Asia) has increased to 7.78 per cent in February from 7.16 per cent in January of 2020. The jobless rate in urban areas was recorded at 8.65 while in rural areas at 7.37 per cent. It reflects the impact of the slowdown in the Indian economy sadly not confessed by the politicians in power.
There is a big discrepancy in unemployment rates by states: the rates above 20 per cent were reported in the states of Tripura ( 28.4, Haryana (25.8) and Jammu & Kashmir (22.2) while jobless rates in Puducherry (1.8), Meghalaya and Tamil Nadu (2.1), Goa (2.8) were below 3 per cent.
The official data shows that the unemployment rate stood at 6.1% in India during FY 2018 highlighting the challenge that confronts the government. The Periodic Labour Force Survey (PLFS) of the National Sample Survey Office (NSSO) released on June 01, 2019, showed the unemployment rate in the country in FY2018 was at 5.3% in rural India and 7.8% in urban India, resulting in the overall unemployment rate of 6.1%. It is believed that no data collection methodology for measuring unemployment is perfect and 100 per cent reliable.