Unemployment or Joblessness in India and its solution

Joblessness is the condition of unemployment or not having a job, often referred to as being "out of work". Not having a job is the most difficult situation of life for any individual which makes it impossible to meet financial liabilities and obligations for daily needs and survival of the family.

Joblessness is a major social issue in India. This becomes the main cause of malnutrition and illness, and major sources of mental stress and depression, which may have further negative impact on the health.

The rate of unemployment changes with the change in the economy. In the 80s, India was going through a major unemployment and then it little recovered in the 90s. The boom in Indian economy was seen after the advent of BPO(Business Processing Outsourcing) and IT (Information technology).

 The BPO industry employed many graduates who were otherwise would have been unemployed due to tough competition. IT industry also employed a huge number of people. But it seems now the good days are going to be over with the recession in the offshore economy. So, the era of good employment.

Though the economy induces a cascading effect on the employment rate, there are also several other factors that result in unemployment. Let’s learn what are the causes and solution of employment in India.

Main reasons of the OF unEMPLOYMENT

1.      Population - The ever-increasing population of India is a major cause of unemployment..

2.      Economic Growth – The expected GDP growth for 2017 is 7.5%. However, it is still not enough to create more employment opportunities.

3.      Education –The curriculum is designed only to provide theoretical knowledge neglecting the practical knowledge that helps to get jobs.

4.      Ineffective Employment planning – India lacks effective employment planning.

5.      Agricultural Infrastructure – As against expected contribution of employment @51%, it contributes only 12-13% to the country’s GDP due to stagnant growth. There is lack of advanced agricultural infrastructure like an effective irrigation system, better cultivation methods.

SOLUTIONS FOR UNEMPLOYMENT

1.      Population – Government has to come with policies/awareness for control on population

2.      Industrialization – Industrialization is the most effective solution for unemployment in India. Polices for encouraging more industries in the country will increase the employment.

3.      Vocational and Technical Training – The curriculum in colleges and universities should be revised by emphasizing more on practical training instead of theory.

4.      Encouraging Self-employment – Self-employment is a very effective solution for unemployment. The government should encourage more unemployed people to start their business by introducing free loans and government assistance for funding.

5.      Inviting Big Capital Investments –The government should make the investment process easy to invite more investors in India. More companies mean more jobs and a solution for unemployment.

6.      Improved Agriculture Infrastructure –The government should provide extra facilities and support to the farmers like irrigation facilities, better farming equipment, training on multiple crop rotation and crop management. This will help to accelerate crop production and more employment in the agricultural sector.

7.      Better Policy Implementation – Though there are many policies implemented to encourage employment, still more needs to done completely abolish unemployment. The schemes like