Question

Essay on means to generate employment with special reference to the economic slow down in India

Answer 1

Answer:

Unemployment is a common economic malady faced by each and every country of the world, irrespective of their economic system and the level of development achieved. But the nature of unemployment prevailing in underdeveloped or developing countries sharply differs to that of developed countries of the world.

While the developed countries are facing unemployment, mostly of Keynesian involuntary and frictional types but the underdeveloped or developing countries like India are facing structural unemployment arising from high rate of growth of population and slow economic growth.

Answer 2

The economic slow down in India

Explanation:

• Every sixth person in the world is Indian and every third poor person in the world is also Indian. with the increase in the number of unemployed people in Poverty in India expand.

There are so many causes of Unemployment in India such as:

• Absence of employment opportunity.
• High population growth
• Joint family system
• Seasonal employment
• Slow development of Industries
• Lack of political will

Learn more: Unemployment in India

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