An Analytical study of Unemployment in India

The present paper attempts to study the rate of unemployment in India in last seven years and causes behind this sharp increasing rate. The study is completely secondary data based study which collects the information from published as well as from unpublished sources. It was found from the reports of International Labour Organisation 2012 and census 2011 that India inhabited the world’s 17.5 percent of population out of which youth which comes under the age group of 15-24 years are 7.8 percent that is again maximum share of youth population across the world. The rate of unemployment is 6.1 percent in 2017-18 while it was 2.2 percent in 2011-12. It is found from the study that the unemployment is high in urban areas with 27.2 percent male and 18.7 percent female as compared to 13.6 percent male and 17.4 percent female workforce in rural areas. Illiteracy, unemployment and unawareness of entrepreneurship development programmes are the main causes of increasing unemployment problem in India. It was also found from the study that while Indian economy has been expanding by 7 percent annually means the fastest growing economy among the major economies of the world but its uneven growth and jobless growth has meant that there are not enough new jobs to keep the pace of development.