Question

Mention any 4 negative effect of unemployment on indian economy

Answer 1

Answer:

• increase in poverty
• increase of exploitation of the unemployed
• in some cases it may lead to economic depression as it is also a factor for causing of depression
• reduce the gdp of the nation

Explanation:

Answer 2

Negative effect of unemployment on Indian economy.

Explanation:

(1) Employment: Workers are marginalized because of unemployment. They must accept low wages and work under unfavorable conditions.  

(2) Industrial disputes: industrial disputes arise from unemployment. It has adverse effects on the employer-employee relationship. Unemployment is rising as a result of industrial disputes.  

(3) Political instability: due to unemployment, there is political instability in the country. Unemployed persons are engaged in destructive activities. They consider the governments worthless. Economic development is becoming more difficult under conditions of political instability.

(4) Poverty rise: a individual has no source of revenue under the situation of unemployment. Jobs contribute to deprivation. The debt burden is increasing. There are rising economic problems.

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