ACCHE DIN AAYENGAE : Unemployment at its peak

Unemployment is an old burning issue and it was at its peak. As 2019 election polls were nearing, the Modi government is failing to fulfill its promises of providing 10 million new jobs as if he elected as prime minister of India. India is one of the developing countries faces jobless problem at a hike, which may leave a big worry for the ruling government, which tasked the NITI Aayog to formulate strategy for job creation in India. According to the sources the International labor organization has predicted a worsening of the situation, the jobless people in India will increase to 18.6 million in 2018 and 18.9million in 2019.According to the reports of Bureau of labor and statistics 40 million people registered for employment less than 1 % was given job placement. As per government classification of the workforce, the population was divided into three categories –main workers, marginal workers and non workers. Main workers are the one who employed for more than 6 months a year, marginal workers are the one who employed less Than six months a year while non –workers are those who either not looking for jobs or nor willing to work, around 1.3 crore youth were working under first two categories of workforce entering the Indian job market The survey results of the labor bureau found that in the most of the biggest employment generation sectors like textiles, leather, metals, automobiles, gems and jewelry, information technology the job opportunities were shrinking at a higher rate. Every sector in India facing a lack of the increase rate in GDP, which simultaneously result in the lowest rate of employment. India is the most developing economy countries, which made china rest back, but the unemployment rate is very much equal to that of in China. As per the sources, even the increase in GDP rates in recent years the employment rate increased only by 1% or less than that.

ACCHE DIN AAYENGAE : Unemployment at its peak