Question

the rise in unemployment in urban India poses a challenge explain​

Answer 1

Answer:

Explanation:

india’s unemployment rate stood at 6.1% in FY18, official data showed, highlighting the challenge that confronts the Narendra Modi-led government. The data isn’t comparable with that of past years, the government contended, in effect seeking to refute previous leaked reports that said they showed the unemployment rate was at a 45-year high.  

The Periodic Labour Force Survey (PLFS) of the National Sample Survey Office (NSSO) released on Friday showed the unemployment rate in the country in ..  

India seems to have the biggest pools of unemployed people in the world. The prospect of getting a job for those who are unemployed will be an important issue in the General Elections 2019. According to CMIE (Centre for Monitoring Indian Economy), unemployment rate in October in India rose to 6.9 per cent. The number of unemployed which fell to 14 million in 2017 is now at nearly 30 million. This leads one to wonder what is wrong with the economy which fail to absorb the unemployed.

The unemployed who want jobs and are willing to work are increasingly getting disappointed. This also has a grievous psychological impact on their minds which is manifesting itself in diverse ways. 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. (India’s total work force was 487 million in 2012.)

The reasons for the rise in unemployment are many. One of the main reasons is that the Indian economy is not witnessing a sustained rate of high growth because investment is subdued and the manufacturing sector, which creates the maximum jobs, is growing at a snail’s pace. The Industrial Index of Production that includes manufacturing growth was at 4.2 per cent last month. The slowdown in industrial and infrastructure sectors, especially the construction sector, and the low volume of IT growth of exports have led to only 1.9 per cent year on year hiring.