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  • In India: Unemployment

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    Marudha Vanan R
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    India faces different types of unemployment including frictional, structural, and cyclical unemployment. The unemployment rate in rural areas is 7.8% and 7.3% in urban areas, largely due to factors like a large population, lack of vocational skills and low educational levels. Unemployment leads to negative effects such as a fall in per capita income, loss of faith in the government, and a falling GDP, and potential solutions include improving education, career guidance, and skill-based training.

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    India faces different types of unemployment including frictional, structural, and cyclical unemployment. The unemployment rate in rural areas is 7.8% and 7.3% in urban areas, largely due to factors like a large population, lack of vocational skills and low educational levels. Unemployment leads to negative effects such as a fall in per capita income, loss of faith in the government, and a falling GDP, and potential solutions include improving education, career guidance, and skill-based training.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    3 views1 page

    In India: Unemployment

    Uploaded by

    Marudha Vanan R
    India faces different types of unemployment including frictional, structural, and cyclical unemployment. The unemployment rate in rural areas is 7.8% and 7.3% in urban areas, largely due to factors like a large population, lack of vocational skills and low educational levels. Unemployment leads to negative effects such as a fall in per capita income, loss of faith in the government, and a falling GDP, and potential solutions include improving education, career guidance, and skill-based training.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
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    Unemployment

    in
    India

    Types on Unemployment:
    Frictional.
    Structural.
    Clinical.

    Unemployment Rate:
    Rural - 7.8%.
    Urban - 7.3%.

    Major Cause:
    Large population.
    Lack of vocational skills.
    low educational levels.

    Effects of unemployment:
    Fall in per capita income.
    Loss faith on Govt.
    Falling in GDP.

    Solution:
    Education.
    Career guidance.
    Skill based training.

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