Unemployment in India is a very serious social problem in India. Our country growth depends upon its employment rate. With the increase rates of unemployment other economy factors are significantly affected, such as: the income per person, health costs, quality of health-care, standard of living and poverty. All these affect not just the economy but the entire systems and the society in general.
For every one out of three graduates are unemployed in India. More 20% of the Indian students aged between 15-24 years were jobless, according to the startling data released on July 1, 2014 by census 2011. Youth Unemployment Rate in India decreased to 12.90% in 2013 from 18.10% in 2012. Youth Unemployment Rate in India averaged 15.50% from 2012 until 2013, reaching an all time high of 18.10% in 2012 and a record low of 12.90% in 2013. Youth Unemployment Rate in India is reported by the Labour Bureau of Government of India. According to the labour bureau’s ” Third annual employment & unemployment survey 2012-2013″ released on Thursday( November 29, 2013), unemployment rate amongst illiterate youth is lower than educated youth.
Every year approximately four lakh Engineering students pass out from their colleges & universities, in that only two lakh students are getting jobs in the industries and rest of them are struggling for the employment. The only reason behind this unemployment is the number of institutions and students are increasing but the number of industries in India are limited. We have limited number of jobs because of economy slowdown and many educated youth having higher degree but don’t have required skill set for a job. As a result youth failing to fetch a job. Every institution should take a step towards providing vocational training to the students to improve their skill which is useful to gain the employment.
Unemployment has psychological impacts (community and family consequences, suicides etc), financial impact and social impacts like increase in cases of theft, violence and other criminal activities. Poverty is one of the reasons which is interlinked with unemployment as well as inequality. Government of India has already taken some of the initiatives to eradicate the unemployment but only some of them are implemented till date. Government of India launched a scheme “Mahatma Gandhi National Rural Employment Guarantee Scheme” in 2005 to provide 100 days employment to unemployed person in a year similarly government of India started weekly employment newspaper services which gives information about the vacancies for a government job across India. In my view, every year government of India should create one million job openings throughout India for unemployed youth.
As you can see, unemployment is not a good thing for anyone in our society, and even the people who remain employed will suffer as a result.