discuss unemployment scenario in india?
4 four points.....(marks -5 )
Answers
Answer:
In India, a person working 8 hours a day for 273 days in a year is regarded as employed on a standard person year basis. Thus, a person to be called an employed person, must get meaningful work for a minimum of 2184 hours in a year. The person who does not get work even for this duration, is known as unemployed person.
Unemployment Rate in India averaged 9.21 percent from 2018 until 2020, reaching an all time high of 23.50 percent in April of 2020 and a record low of 6.70 percent in November of 2018.
Answer :
India’s unemployment rate stood at 5 percent in 2015-16 compared to 3.8 percent in 2012-13, according to the fifth annual survey of employment-unemployment published by ministry of labour and employment. At first glance, that seems like a reasonable unemployment rate for a country the size of India. However, a separate quarterly survey conducted by the government on jobs being created in key sectors tells a different story.
India’s unemployment rate stood at 5 percent in 2015-16 compared to 3.8 percent in 2012-13, according to the fifth annual survey of employment-unemployment published by ministry of labour and employment. At first glance, that seems like a reasonable unemployment rate for a country the size of India. However, a separate quarterly survey conducted by the government on jobs being created in key sectors tells a different story.For a country where 1.2 crore people enter the workforce each year, the pace of job creation remains far below what is needed even though the economy is growing at over 7 percent.
India’s unemployment rate stood at 5 percent in 2015-16 compared to 3.8 percent in 2012-13, according to the fifth annual survey of employment-unemployment published by ministry of labour and employment. At first glance, that seems like a reasonable unemployment rate for a country the size of India. However, a separate quarterly survey conducted by the government on jobs being created in key sectors tells a different story.For a country where 1.2 crore people enter the workforce each year, the pace of job creation remains far below what is needed even though the economy is growing at over 7 percent.Across eight key employment generating sectors, only 1.35 lakh jobs were added in calendar year 2015, quarterly surveys of employment showed. In other words, jobs created were equal to only 1 percent of the addition to workforce. These sectors include textiles including apparels, leather, metals, automobiles, gems & jewellery, transport, information technology and handlooms.