Question

Explain the causes and measures of unemployment in India.

Answer 1

Wastage of manpower

It affect economy

Burden of working members in the family

Quality of life comes down

Make people depressed

Turns people into liability

People refuse to enjoy basic facilities

Answer 2

Unemployment is a situation which arises due to shortages of jobs.
There r two types of unemployment one is voluntary unemployment mean people are getting jobs bt they not want to do jobs as they r unemployed by their will.
And second is involuntary unemployment mean they wanted to work bt they don’t have the jobs opportunities to do.
Involuntary unemployment is the situation which we take bcoz its arising due to economy instability.

*Unemployment arises due to following points-
1) in a situation of depression as the supply is more and demand is less so producer removes employees and employment as they don’t required them as they r unable to sell even that much which has already produced.
During war and emergency their r shortages of resources to the producer for the production of a commodity so he gives a vacation for their employees.

Measure to correct unemployment-
1) is that to create demand for a commodity for that the producer produce more and employ more employers so the jobs opportunity arises.
Its simple say to have restore unemployment by creating demand bt how the demand arises? So demand arises by 2 method
1) monetary policy-
a) decrease bank rate- so that loan are available at low intrest
b) decrese crr- mean decrease cash reserve ratio mean now bank make less reserve with them and they can provide more loan to the customers so that the more cash will suppy to the market and thereby increases the purchasing power of a hence demand
c) open market- now rbi pirchase the security of bank and hence increases the bank availability of cash and hence provide more loans to public and increase supply thereby

2) fiscal policy-
a) public expenditure- the government will increase its expendire and investment so that it will lead to the suppy of more cash im the market to to increase the demand amd purchasing power
b) taxes- government will put down the taxe rate to let the customers remain with more income and thereby increase purchasing power or the demand
c) public borrowing- government will lead to decrease public borrowing in from domestic sorces to let the cash remain in the market

3) deficit financing-
Mean issuing more currency notes than the goods available good in an economy.
Its is done to increase cash and rises purchasing power and demand and ultimately the solution of unemployment in india.




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