Page 65 - DECO303_INDIAN_ECONOMY_ENGLISH

Indian Economy Dilfraz Singh, Lovely Professional University

Notes Unit 5: Unemployment in India

CONTENTS
Objectives
Introduction

5.1 Unemployment in India
5.2 Causes of Unemployment in India
5.3 Unemployment Types and Causes

5.4 Natural Rate of Unemployment
5.5 Structural Unemployment and Labour Mobility
5.6 Labour Market or Government Failure
5.7 Measures taken by the State
5.8 Strategies that the Government has Undertaken to Reduce Unemployment in India

5.9 Government Sponsored Programmes
5.10 Summary
5.11 Keywords

5.12 Review Questions
5.13 Further Readings

Objectives

After studying this unit, you will be able to:
Describe the unemployment in India

Define the reason for unemployment in India
Recognise strategies to get rid of employment
Introduction

India, has a huge population of millions of individuals, is facing the major difficulties of the
century in the form of unemployment of worthy and productive citizens. This comprises
unemployment and under-employment of the young and the old. This effects in low output and
nil or very low incomes. This also leads to the additional degradation of household values and
poverty is continued. There is a clear damage of national income and the economy suffers on
account of low output. Moreover, the violent measures taken up by the youth, agitations and
individual frustration, which reaches a new highpoint every day.
According to the latest approximations, there are 37.6 million people on the paths and seek
employment in one form or the other. Every year 7 million people are added to the figure
mentioned above. Leisure oriented and unemployed individual is a problem on his family and
society. The unemployed man avoids all the morals and becomes a dissident. Some young
individual’s take drugs and unlawful means of making money. Therefore, one man leads to
another and the unemployed person gets caught 1 quagmire of crises. Unemployment is more

60 LOVELY PROFESSIONAL UNIVERSITY