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Centre for Monitoring Indian Economy (CMIE) has mentioned that the urban unemployment rate stood at 8.9%, slightly higher than the rural unemployment rate of 8.3%. Key highlights: As per the data released, in October India’s unemployment rate rose to 8.5%, the highest since August 2016.
The scenario of Unemployment in India: The effective measures to check the unemployment rate is the number of unemployed people divided by the number of people in the labour force. In simple terms, unemployment is the situation under which a person who is actively searching for employment is unable to find work. “Unemployment rate = (Unemployed Workers / Total labour force) × 100” Types of Unemployment in India:
Causes of Unemployment in India: The important causes of Unemployment in India are as follows:
Apart from this, there are other causes like-
Reasons For Jobless Growth In India:
Government Measures: Labour Welfare Schemes Major Schemes:
Social Security Scheme:
Employment Generation Schemes:
Others Scheme:
Way Forward: We have moved from agriculture-led growth to service-led growth even much before the technological revolution started impacting livelihoods. The services sector has adopted digital technology impacting a large pool of young labour force looking forward to job opportunities in the service sector.
Apart from this, the following could be the best possible solution to create more jobs in the economy-
By: Shashank Shekhar ProfileResourcesReport error
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