What are the major reason of unemployment in India?

The major causes of unemployment in India are as mentioned below: Large population. Lack of vocational skills or low educational levels of the working population. Labour-intensive sectors suffering from the slowdown in private investment particularly after demonetisation.

What is the current employment situation in India?

If we look at the Centre for Monitoring Indian Economy (CMIE) data, which is being compiled since 2016, the total number of employed people in India has been steadily coming down. It was 407.3 million in 2016-17 and then fell to 405.9 million in 2017-18, and to 400.9 million at the end of 2018-19.

What do you mean by unemployment in India?

Weekly Status Unemployment: A person is said to be unemployed if he is not able to work even for an hour during the survey period. In other words according to this estimate a person is said to be employed for the week even if he/she is employed only for a day during that week.

Is India’s unemployment rate of 5 percent a concern?

India’s unemployment rate stood at 5 percent in 2015-16 compared to 3.8 percent in 2012-13, according to the fifth annual survey of employment-unemployment published by ministry of labour and employment. At first glance, that seems like a reasonable unemployment rate for a country the size of India.

Does education level affect unemployment in India?

The Periodic Labour Force Survey for 2017-18 released by National Sample Survey Office too shows that unemployment rate increased with education level. According to SoE in Figures, 2017, a major cause for high unemployment rates in India is the lack of skills required for jobs that are available.

What is the unemployment rate in India during lockdown?

India’s unemployment rate was a tad higher at 24.3\% for the week ended May 24 compared to 24\% in the preceding week or the average unemployment rate of 24.2\% in the past eight weeks of the lockdown. The unemployment rate stood at 8.8\% in March.

What is the current unemployment rate in India 2020?

India unemployment rate for 2020 was 7.11\%, a 1.84\% increase from 2019. India unemployment rate for 2019 was 5.27\%, a 0.06\% decline from 2018. India unemployment rate for 2018 was 5.33\%, a 0.08\% decline from 2017. India unemployment rate for 2017 was 5.41\%, a 0.1\% decline from 2016.