Today, the problem of unemployment is becoming a major problem for both developed and underdeveloped economies. In an developing economy like India, this explosive form has been assumed. Its main cause in India is population growth, lack of capital etc. This problem has been a cause of great disappointment for young people in modern times.
Develop the economy. Or being rude, unemployment is commonplace.Unemployment in general colloquial means that all those people who are not engaged in productive work.Unemployment in India is a serious problem.
There are two types of unemployment in India: first, rural unemployment, second, urban unemployment. There are many reasons for unemployment like population growth, lack of capital, slow pace of development, use of inappropriate techniques, inappropriate education system etc.
Although many effective measures have been taken by the government in coordination to solve the urban and rural unemployment, this problem can be overcome only when the population is governed and the structural plans should be implemented towards the economic development of the country.On this side, the government is also making serious efforts.
The problem of unemployment is complex but it can be solved because there are some problems that are created by humans themselves and which can be done away from humans too. Plans should be implemented properly in the country.
Proper use of upstream resources for economic development should be made proper. It is necessary that technical and vocational education should be made the basis of education. It is a matter of fact that we will support all the government to overcome this problem.
Some statistical data of related to unemployment in India may be as follows ;
Unemployment Rate in India decreased to 3.46 percent in 2016 from 3.49 percent in 2015. Unemployment Rate in India averaged 4.08 percent from 1983 until 2016, reaching an all time high of 8.30 percent in 1983 and a record low of 3.46 percent in 2016.
Unemployment Rate in India is expected to be 4.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Unemployment Rate is projected to trend around 4.60 percent in 2020, according to our econometric models.
So finally we can say that," We have no hope but have full faith that in the changing perspective, we will be able to meet the young man's criterion and will be able to stay away from the problems of unemployment in the country."
'Thankyou all… be happy'
Sachin bhatt
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