what are the major factors responsible for unemployment in India
Answers
Main Causes of Unemployment in India
(i) Caste System:
(ii) Slow Economic Growth:
(iii) Increase in Population:
(iv) Agriculture is a Seasonal Occupation:
(v) Joint Family System:
(vi) Fall of Cottage and Small industries:
(vii) Slow Growth of Industrialisation:
Answer:
Explanation:
Unemployment is a condition of the economy where the people are interested to work but not able to work.
Major factors affecting Unemployment are - Unemployment is -
(i) Slow growing economy leads to unemployment due to lack of newer job opportunity in the market
(ii) When the Population Growth rate of the nation is increasing consistently than the unemployment because a cause to work over due to increasing demand in the job and fewer working opportunity.
(iii) Involvement in Seasonal Occupations like agriculture, ice-cream factories, textile industry give employment for only specific period only.
(iv) Banishment in the small scale and cottage industries due to the advancement in the technology of working a firm bring more finished goods than good made manually.
(v) Inappropriate channelization of funds is also a major reason which leads to the lack of employment in the market.