September 29th, 2009 | 
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Unemployment in India
Unemployment in India
Unemployment is the inability of providing gainful work to people who are willing to work. Despite the economic reforms and the IT & BPO boom, the unemployment situation in India is getting worse.
Since the Labour force grew at a quicker rate of 2.84 % than the Workforce, unemployment also rose. The incidence of unemployment increased from 7.31 % in 1999-2000 to 8.28 % in 2004-05. The decline in overall growth of employment during 1993-94 to 1999-2000 was largely due to the lower absorption in agriculture.
The problem of employment in India is economic, due to the huge, increasing population, with jobs not increasing in the same proportion. So a large section of the population is left unemployment. We also have huge numbers of educated people who are unemployed. They have the necessary skills to do only office work and there are not enough opportunities for them.
Employment in Manufacturing and Services Sectors
Manufacturing sector’s share increased marginally during the period mentioned afore, trade, hotel and restaurant sector contributed significantly higher to the overall employment than in earlier years.
The other important sectors where employment has increased are transport, storage and communications apart from financial, insurance, real estate, business and community, social and personal services.
Special Employment Schemes from the Government of India
The 11th five year plan has special schemes to encourage the organised sector to employ more labour and simultaneously, to improve labour productivity in the unorganised sector. It also aims at making employment generation an integral part of the growth process and devise strategies to accelerate not only growth of employment but also wages of poorly paid workers, he said.
Focus on Technical and Vocational Education
It is necessary to stress on technical and vocational education. This will result in automatic creation of jobs for a huge majority. The Government is planning systemic reforms in Industrial Training Institutes to improve quality of training and make the candidate better employable.
Read more about the Socio-economic profile of India at http://www.india-reports.com/summary/socio.aspx
