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Essay On Unemployment In India

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INTRODUCTION
Even today, unemployment is one of India’s most crucial socio-economic problems. Unemployment is the phenomenon where a person is not gainfully employed in a productive activity (Sethi and Andrews, 2011). It can be voluntary or involuntary. Voluntary unemployment refers to a person being unemployed by choice and not by compulsion. Such people are usually not considered unemployed since it’s voluntary. Involuntary unemployment refers to people that are capable and willing to do job but are unable to find work.
Employment plays a very important role in ensuring economic security. Employment is necessary for poverty reduction and economic growth. In India people between the ages of 15 and 58 are considered to be economically active which means that they have the potential of being gainfully employed. A large portion of India’s workforce is unskilled. Thus skilling and up-skilling of the labour force is required so that the unemployed population of the country can be productively employed. One of the biggest challenges facing the country today is to gainfully employ its growing labour force for greater economic growth.
The employment growth has not been proportionate with population and GDP growth. The fact that there has not been any significant growth in employment despite considerable acceleration …show more content…

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