A Study On Impact Of Unemployment On Indian Economy
The state of being without any work both for educated & uneducated person for earning one’s livelihood is meant by unemployment. Economists distinguish between various overlapping types of and theories of unemployment, including cyclical or Keynesian unemployment, frictional unemployment, structural unemployment and classical unemployment. Some additional types of unemployment that are occasionally mentioned are seasonal unemployment, hardcore unemployment, and hidden unemployment. This paper explores the job and unemployment status of young people in India in this context. It analyses trends in rates of labour force and workforce participation, unemployment, unemployment, working poor, elasticity of growth and jobs, etc. In addition, the paper includes policy proposals for increasing sustainable jobs and reducing youth unemployment. If measures are not taken to improve the educational achievement and skill development of the youth, the poor employability of the workforce would hamper the benefits due to demographic dividends.
Article Details
Unique Paper ID: 157309

Publication Volume & Issue: Volume 9, Issue 6

Page(s): 495 - 498
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