Unemployment refers to that situation under which worker does not get a full time job or gets job much below his or her capabilities and qualifications.
Unemployment refers to that situation under which worker does not get a full time job Or gets job much below his Or her capabilities and qualifications. In this situation, an individual is able and willing to work at the prevailing rate of wages but is not getting work.
Unemployment in county refers to that situation wherein large number of working population is prepared to work at the existing rate of wages but due to several reasons it fails to get any work.
Main causes of Unemployment in India
- Rapid Growth in Population: India’s constant increase in population has been a grave problem . It is one of the main reason that has been a barrier towards economic development of India. The size of unemployment has actually increased instead of decreasing.
- Slow Economic Growth: Indian economy is underdeveloped and the rate of economic growth is very slow. This slow growth rate fails to provide enough employment opportunities To the rising population. Supply of labour is much more than the available employment opportunities.
- Slow progress of Industrialisation: Industrial progress in India has been very slow. Despite special emphasis on the establishment of various industries during the period of plans, the number of Jobs created is less than the job seekers.
Suggestions to solve the Unemployment Problem
- Full and More Productive Employment: The main objective of country’s employment policy should be to increase employment opportunities and productivity of labour. Government should adopt a policy that provides employment to all people and simultaneously it should strive to increase productivity or efficiency of labour.
- Change in Industrial Technique: the production technique should suit the needs and means of country. It is essential that labour intensive technology is encouraged in place of the capital intensive technology. Quick yielding industries must be given preference.
- More help to Self Employed Persons: Around 44 percent of people in India are self employed. Most of them are engaged in agriculture. Besides, they are also engaged in trade, cottage and small industries. Government should provide facilities like irrigation, better seeds, manure and credit etc. In urban areas, self employed persons should be given facilities like credit, marketing, raw material and technical training.
