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How can increasing economic development help to curb unemployment?

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Increase in rate of economic development:

  • In Initial years of planning the rate of economic development use to be as 3 to 3.5%. This rate later increased.
  • Increasing the economic development is one of the solutions to manage unemployment.

Solution:  If economic development increases at a higher rate, then employment opportunities can also increase at higher rate. This will solve the problem of unemployment.

  • In order to achieve high rate of economic development, there should be a tight and systematic co-ordination between various economic sectors.
  • Efforts should be made to increase capital investment in public, private and cooperative sector.
  • In agriculture sector irrigational facilities and other required facilities should increase and agricultural rate should be kept high.
  • Efforts should be made so that advantage of green revolution can be reaped by every state and village. This will help in achieving high economic development and thus employment.

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