Question

what is th nature of unemployment in india ?

give the answer that is easy to understand​

Answer 1

Answer:

India's unemployment is mainly structural in nature. It is because of the inadequacy of the productive capacity to create enough jobs for all those able and · Page 15 15 willing to work. In such countries, the production capacity is increasing at a level lower than the rapid increase in the !

Answer 2

Answer:

The nature of unemployment in under-developed countries is quite different; it is of chronic and long-term nature. It is now almost universally recognized that the chronic unemployment and under-employment in less developed countries are not due to the lack of aggregate effective demand which, according to J.M. Keynes, was responsible for unemployment in developed countries in times of depression.

Rather it is stated to be due to the lack of land, capital and other complementary resources in relation to the total population and labor force.