Question

how is unemployment is challenge to india
​

Answer 1

Explanation:

Unemployment is the greatest economic challenge facing India. Virtually all major economic policy issues derive from this central challenge. What is the current unemployment situation? Is it improving or deteriorating? Can the government crack the unemployment problem, or will the problem crack the government?

The India Labour and Employment Report 2016 of the Institute for Human Development (forthcoming, Oxford University Press, henceforth “the report") presents compelling evidence of how the employment situation has improved during the 21st century. But it also emphasizes the awesome challenge of unemployment that still faces us.

Answer 2

Answer:

Unemployment has costs to a society that are more than just financial. Unemployedindividuals not only lose income but also face challenges to their physical and mental health. ... Governmental costs go beyond the payment of benefits to the loss of the production of workers, which reduces the gross domestic product (GDP).

According to this report, the 2017–2018 "usual status" unemployment rate in Indiaat 6.1%, a four-decade high, possibly caused by the 2016 demonetisation of large banknotes intended to curb the informal untaxed economy.