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28 Σεπ 2023 · Present Status of Unemployment in India according to “State of Working India 2023” report. Rate of Unemployment- The overall unemployment rate has reduced to 6.6 per cent in 2021-22 from 8.7 per cent in 2017-18. Unemployment based on education and age group – Over 42 per cent of India’s graduates under 25 were
Unemployment is a situation in which the person is capable of working both physically and mentally at the existing wage rate, but does not get a job to work. In other words unemployment is a situation in which a person who is willing to work at the existing wage rate does not get a job. Unemployment is a reason for alarming concern in India today.
28 Αυγ 2017 · Underemployment v Unemployment Unemployment refers to the economic situation in which an individual who is actively searching for employment is unable to find work Underemployment is a situation where there is a mismatch between the employment opportunities and the skills and education level of the employees.
The unemployment rate is the most often used indicator of unemployment. It is computed by dividing the total labour force by the number of individuals without jobs. There are different types of unemployment, including institutional, structural, cyclical, and frictional. It estimates India’s unemployment rate in India is around 7.7% at present.
Disguised unemployment aka hidden unemployment refers to a situation where labour that is employed but he/she is not utilised for the production of goods and services. It does not contribute to the output of an economy as their marginal product is zero (contribution to production is nil).
25 Σεπ 2024 · Source-This post on Labour Survey Report is based on the article “Unemployment rate has not fallen: labour survey” published in The Hindu on 25th September 2024. Why in News? The Periodic Labour Force Survey (PLFS) was recently released by the Labour Bureau for the period of July 2023 to June 2024.
22 Ιουλ 2024 · Source-This post on Female Employment to Counter Unemployment has been created based on the article “Focus on female employment to counter unemployment” published in “The Hindu” on 22 July 2024. UPSC Syllabus-GS Paper-3- Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Jobless growth is when the economy experiences growth but unemployment remains stubbornly high. In other words, the economy is expanding but this is not translating into an increase in employment. This usually happens when a large number of people lose their jobs during an economic downturn and are unable to find a new jobs when the economy ...
6 Μαΐ 2024 · Youth Unemployment: Educated youth face high unemployment rates, with 28% of graduates unemployed in 2022, showcasing a significant mismatch between education levels and job opportunities. NEET Challenges: Around 28% of youth were not in employment, education, and training (NEET) in 2022, with females disproportionately affected, highlighting a critical area for policy intervention.
Q.3) Most of the unemployment in India is structural in nature. Examine the methodology adopted to compute unemployment in the country and suggest improvements. [250 Words] [15 Marks] [2023] Q.4) Distinguish between ‘care economy’ and ‘monetized economy’. How can care economy be brought into monetized economy through women empowerment?
