what are factors causing unemployment in India
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There are multiple reasons for this answer that are:-
Innovation:- We lack in invention which create mass consumers at world market.
Everybody wants sarkari job where they would not have to work and just pass their time. MBA and Phds apply for peon and that too in lakh numbers.
Unemployment has been increased from 3% to 5%. Rather than unemployment, underemployment is a big issue.
Lack of manufacturing sector and dependence on service sector is the issue behind unemployment.
India is a vast country with vast population. More than 1.3 Billion people live in our country. Government initiative could not take into effect because of ill mannered implementation.
Archaic labor laws and licence issues force Large business houses to go abroad and start their business. Large no. of graduates are passing out every year but in same pace jobs are not created. Even prolonged market stagnation is the result of increase in unemployment.
Massive corruption in UPA government take the money from govt to private hands. Income inequality is rising which is also the reason for rising unemployment.
Govt. jobs are created but there is huge competition for that results in massive failures. People spend half their youth in fighting this competitive exam and wasted their lives.
In my view the main reason behind this unemployment and under growth is that our citizens get degrees but they are not qualified enough to be employable. What ever be the profession people don’t know the basic and hence they are not able to deliver results.
Even the gap between the eligibility of candidates and requirements have been widen. There are many jobs which is empty because of unavailability of candidate specially at higher echelons of management.
It is major issue facing by the government and our government is trying to control through its novel schemes like Skill India and Standup and Startup India
Innovation:- We lack in invention which create mass consumers at world market.
Everybody wants sarkari job where they would not have to work and just pass their time. MBA and Phds apply for peon and that too in lakh numbers.
Unemployment has been increased from 3% to 5%. Rather than unemployment, underemployment is a big issue.
Lack of manufacturing sector and dependence on service sector is the issue behind unemployment.
India is a vast country with vast population. More than 1.3 Billion people live in our country. Government initiative could not take into effect because of ill mannered implementation.
Archaic labor laws and licence issues force Large business houses to go abroad and start their business. Large no. of graduates are passing out every year but in same pace jobs are not created. Even prolonged market stagnation is the result of increase in unemployment.
Massive corruption in UPA government take the money from govt to private hands. Income inequality is rising which is also the reason for rising unemployment.
Govt. jobs are created but there is huge competition for that results in massive failures. People spend half their youth in fighting this competitive exam and wasted their lives.
In my view the main reason behind this unemployment and under growth is that our citizens get degrees but they are not qualified enough to be employable. What ever be the profession people don’t know the basic and hence they are not able to deliver results.
Even the gap between the eligibility of candidates and requirements have been widen. There are many jobs which is empty because of unavailability of candidate specially at higher echelons of management.
It is major issue facing by the government and our government is trying to control through its novel schemes like Skill India and Standup and Startup India
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