Unemployment in India- An unresolved crisis

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Status: In Progress  |  Genre: Editorial and Opinion  |  House: Booksie Classic

I have tried to list out the problems unemployment can pose to a developing economy with a large population.

Poverty is the inability of enjoying choices in life. It may present itself as finding it too difficult to enjoy education, medical health facilities, no place for a living etc. One of the many causes of poverty is “Unemployment”.

Several facts support the persistence of huge unemployment in our country. Around half of India’s population is still dependent on agriculture. Even after seven decades of independence, the dependence of such a huge population on agriculture proves that ample employment opportunities could not be generated in the country. Moreover, we are already the second-most populous country in the world. A substantial portion of the large population comprises of younger people. So already, a lot of people are searching for jobs and each year, many additional people enter the workforce. It will be disastrous if they are not provided with a means of livelihood. We will not only be wasting the ‘demographic dividend’ but also forcing many people into a life of crime in the absence of meaningful employment. Lastly, there is a huge inter-state migration. People from less industrially developed areas move to more developed areas in search of better livelihood. This asymmetric immigration leads to the emergence of ghettos and stresses the infrastructure of those areas.

The Government has understood the gravity of the situation and is working hard to resolve the crisis. The focus is now to produce graduates who are more not ‘job-seekers’ but ‘job-providers’. The graduates are encouraged to open up startups, thereby providing more job opportunities and meeting the demand. Apart from this, several governments promote several Self Help Groups, organize employment melas and promote private investment.

The Reserve Bank of India being the supervisor and regular of the financial system has an important role to play here. It must ensure the proper functioning of the financial sector so that necessary funding flows to the MSMEs, industrial units, startups etc. to ensure their “going concern” nature. This will not only maintain the current employment level but also help them expand providing more employment in the process. With the combined and coordinated efforts of the Government along with the developmental institutions, the crisis may be resolved sooner than expected.


Submitted: May 08, 2020

© Copyright 2021 Chaitanya. All rights reserved.

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Queenie Maud

Nice essay! I'd be curious to read more about this in more detail, if you ever expand this essay. Thanks for sharing!

Sat, May 9th, 2020 7:03pm

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