Why is India facing the problem of unemployment?

As of September 2018, according to the Indian Government, India had 31 million jobless people. The rapid growth of population also being the burden on cultivation, low productivity in the agriculture sector, defective economic planning, lack of capital etc are also some of the foremost reason for unemployment.

Will jobs rise in 2021?

According to the latest report by Michael Page India, India Inc is seeing a 14\% employment rise in the third quarter of 2021 compared to the same quarter last year. This surge in job opportunities, in Q3 2021 vs Q3 2020, is led by sectors like engineering, manufacturing and technology.

Why is India unemployment rate so high?

Unemployment and underemployment in India are caused by more basic structural factors such as lack of capital, use of capital-intensive technologies, lack of access to land for agricultural household, lack of infrastructure, rapid growth of population resulting in large annual increments in labour force year after year …

Is unemployment a serious issue in India essay?

Unemployment is a very serious issue not only in India but in the whole world. Besides, the problems of unemployment are very severe in India because of the growing population and demand for jobs. Moreover, if we neglect this problem then it will be going to become the reason for the doom of the nation.

How we can reduce unemployment in India?

Top 6 Strategies to Reduce Unemployment

• Strategy 1# Use of Labour-intensive Technology:
• Strategy 2# Accelerating Investment in Agriculture:
• Strategy 3# Diversification of Agriculture:
• Strategy 4# Labour-Intensive Industrial Growth:
• Strategy 5# Services and Employment Growth:

What is the unemployment rate in India 2021?

Unemployment Rate In India Rose To 9.3\% In January-March 2021; Women Affected More. In the first three months of 2021, the unemployment rate in India among those above the age of 15 was around 10 per cent, data from the periodic labour force survey by the National Statistical Office (NSO) showed.

Is unemployment a serious issue in India Quora?

Yes. Though the government tries to hide the actual figures, still the government records show that the unemployment is at its highest level.

Why unemployment is a serious issue?

Consequences of Unemployment Apart from this, the following things happen in an economy which is an increase in poverty, an increase in crime rate, exploitation of labor, political instability, mental health, and loss of skills. As a result, all this will eventually lead to the demise of the nation.