To what extent the unemployment in India impinges on the quality of the economic recovery. Analyse (200 Words)
Refer - Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 2 years
KEY POINTS
· India’s unemployment rate has been soaring. It went up to 7.91 per cent in December 2021 from 6.3 per cent in 2018-2019 and 4.7 per cent in 2017-18, when the trend started to change .
· India’s Labour Force Participation (LPR) does not compare favourably with other emerging countries — a category that is vanishing quickly.
· According to the World Bank, it stood at 46 per cent in 2020 (it has not improved since then), while that of Brazil stood at 59 per cent, Chile’s at 57 per cent, China’s at 67 per cent, Ethiopia’s at 76, Ghana’s at 66, per cent, Indonesia’s at 66 per cent and Malaysia’s at 64 per cent.
· The absorption of women in the workforce, as compared to men, is much less for two main reasons. One, most women were involved in agricultural jobs in rural areas; the mechanisation of these jobs has had a huge impact on female labour force participation in the country.
· One of the reasons why companies do not invest is weak demand – which is partly due to joblessness — that dissuades enterprises from hiring more. This vicious circle is also fostered by growing inequalities, resulting in the shrinking of the middle class.
Manish 2 years
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IAS Parliament 2 years
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KAUSHIK SRINIVASH R 2 years
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IAS Parliament 2 years
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Bharanitharaselvan T 2 years
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IAS Parliament 2 years
Try to include the government schemes. Keep Writing.
K. V. A 2 years
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IAS Parliament 2 years
Try to include about Pradhan mantri kaushalya vikas yojana. Keep Writing.
