Budget 2019 in denial, clueless about unemployment affecting the
youth:-unemployment in india -
unemployment in india -2019
The National Sample Survey Office (NSSO) report has shown that the unemployment rate was at its highest level since 1972-73 now and in 2017-18, the joblessness rate among youth was at a significantly higher level compared to the previous years and much higher compared to that in the overall population.
For instance, the rate of joblessness among rural males in the age group of 15-29 years jumped more than three times to 17.4 per cent in 2017-18 compared to 5 per cent in 2011-12.
The unemployment rate for female youth in rural areas stood at 13.6 per cent in 2017-18 compared to 4.8 per cent in 2011-12.
The unemployment rate for urban youth was more than their rural counterparts- 18.7 per cent for males and 27.2 per cent for females.
unemployment % in india -2019
This grim scenario has not been created in a day. It has been a continuous process and ever since the beginning of the Narendra Modi government, there has been more hype in talking about new schemes and acche din rather than concentrating on generation of jobs.
On the contrary, the sudden decision of demonetization announced in November 2016 destabilised the informal economy leading to the loss of lakhs of jobs rather than creating new jobs. That is why, the NDA government was most reluctant in coming out with the findings of the real ground situation in the employment market.
youth:-unemployment in india -
unemployment in india -2019
The National Sample Survey Office (NSSO) report has shown that the unemployment rate was at its highest level since 1972-73 now and in 2017-18, the joblessness rate among youth was at a significantly higher level compared to the previous years and much higher compared to that in the overall population.
For instance, the rate of joblessness among rural males in the age group of 15-29 years jumped more than three times to 17.4 per cent in 2017-18 compared to 5 per cent in 2011-12.
The unemployment rate for female youth in rural areas stood at 13.6 per cent in 2017-18 compared to 4.8 per cent in 2011-12.
The unemployment rate for urban youth was more than their rural counterparts- 18.7 per cent for males and 27.2 per cent for females.
unemployment % in india -2019
This grim scenario has not been created in a day. It has been a continuous process and ever since the beginning of the Narendra Modi government, there has been more hype in talking about new schemes and acche din rather than concentrating on generation of jobs.
On the contrary, the sudden decision of demonetization announced in November 2016 destabilised the informal economy leading to the loss of lakhs of jobs rather than creating new jobs. That is why, the NDA government was most reluctant in coming out with the findings of the real ground situation in the employment market.
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