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Unemployment is a major social issue in India. As of September 2018, according to the Indian government, India had 31 million jobless people. [48] The numbers are widely disputed.The uses of digital manufacturing and machinery in factories and garments are leading to unemployment in India. The unemployment rates declined to 6.5% in January 2021.
Graduate unemployment, or educated unemployment, is unemployment among people with an academic degree.. Aggravating factors for unemployment are the rapidly increasing quantity of international graduates competing for an inadequate number of suitable jobs, schools not keeping their curriculums relevant to the job market, the growing pressure on schools to increase access to education (which ...
Kannan, a development economist in Kerala, calls it as Educated Unemployment, in which a person can't find desired job according to his educational qualification. [23] Other varying factor of Kerala with respect to rest of India is the higher number of female job seekers with respect to its male counterpart.
The list is compiled from the Report on Periodic Labour Force Survey (2018–19) released by Ministry of Statistics and Programme Implementation, Government of India. [1] Chhattisgarh has the least unemployment rate among the Indian states, while Rajasthan has the highest unemployment rate. (Higher rank represents higher unemployment among the ...
CEO World magazine ranked India's economic growth rate at the beginning of the 21st century as among the 10 highest in the developing world. [2] Combined with the fact that India has been ranked the 5th largest economy in the world, the latest survey of unemployment in India 2021–2022 shows the unemployment rate [3] as 6.40%.
Demonstration against unemployment in Kerala, South India, India on 27 January 2004. An economy with high unemployment is not using all of the resources, specifically labour, available to it. Since it is operating below its production possibility frontier, it could have higher output if all of the workforce were usefully employed.
K. P. Kannan, a development economist in Kerala, calls it as Educated Unemployment, in which a person can't find desired job according to his educational qualification. [100] Other varying factor of Kerala with respect to rest of India is the higher number of female job seekers with respect to its male counterpart.
In India, this was an idea that has been discussed for decades in both the public and private spheres. Discussion of UBI in India began due to concerns about technologically driven unemployment and poor results of current welfare programmes. Given India's sheer size, implementation of UBI would have to be state-administered.