how unemployment is a major concern for developing country like India? give answer in 5 to 6 points.
Answers
Answer:
According to CMIE (Centre for Monitoring Indian Economy), unemployment rate in October in India rose to 6.9 per cent. ... The unemployment rate has been rising almost steadily since last year. The estimated number of persons employed during 2018 was 397 million which is 2.4 per cent lower than 407 million employed in 2017.
Answer:
Unemployment is a very serious issue not only in India but in the whole world. There are hundreds and thousands of people out there who do not have employment.
1.) Wastage of man power resource
2.)People who are an asset for the economy turn into a liability.
. 3) There is a feeling of hopelessness and despair among the youth.
4) People do not have enough money to support their family and decline in the health condition.
5.)unemployed can lead to depression, low self-esteem, anxiety and other mental health issues