Unemployment in India is incompetent because both people and the government do not function in a good rapport. The government does its best to reduce the unemployment rate but it fails because of the politics in the country. The well-known story of the crab is more likely to fit for the government of India. Due to the vicious cycle of both the people and the government are ignorant about the serious situation. The graduating students must be trained to face the competitive market. There is n number of skills available for a better idea about the market trends. The education system is inadequate the availability of skills is less. There are also various possibilities available for fresh graduates. Despite such availabilities, the graduates are not serious about assigning themselves to a job. There are various allowances available for unemployed people. This makes the individual lazy and less interested in a job unless it is fancy. There is no particular law or order for a graduate must take up a job. There were measures taken by the government to lessen the unemployment rate but still fails to achieve it just because they all are only at the experimental phase. All policies are run based on assumptions rather than derivations. Job seekers mostly fail to meet the expectations of the employers and the organization. The ratio of growth in the economy is inadequate. The change rate is slow in a fast-growing market. Rapid change is highly needed in the present situation. Just because the unemployment rate is high the economic growth rate falls due to less circulation of capital. No new firms can come into existence for the funds raised are low. The economy is facing demand constraints and investment starves. The economy is falling in consumption and rising in unemployment. There is a statement that clearly states the situation of the present generation. It says “Fear and uncertainty prevails in the country.” The present generation is not yet sure about what would it be like in the nearest future. New findings and new technology come into existence but still lack knowledge of the new findings. It makes it even more difficult for the existing employees. The growth of an economy is like the growth of a tree which takes years to attain full growth. The plans for the unemployed must be framed in such a way the growth of the economy is stable as well as progressive.
For deep details, you can read the full article. Click the link below :
