Question

Explain any five effect of unemployment of India?

Answer 1

Unemployment is a major issue nowadays and with introduction of Robots and AI, the same is going to be worse in future.

Unemployment has direct correlation with the economy of not only India but for all the countries.

Unemployment leads to lower purchasing power. Due to lower purchasing Power, consumption of goods and services will go down, due to lower consumption of goods production of goods and services will also go down, Lower production leads to lower contribution to revenue to country and it eventually affect our GDP.

hope it helps you