Question

The problem of unemployment is quite serious in India. Explain.

Answer 1

• India has a very large population. So, every year there is a large supply of labourers in the market which keeps on increasing.
• On the contrary, because of structural limitations in our economy, employment rises at a low rate. This gives rise to problem of long term unemployment.
• Such a type of unemployment cannot be solved overnight. It can be solved by bringing major changes in the structure of the economy. This can be done only introducing long term economic, social and political changes and by developing extensive intra-structural facilities.
• Hence, the problem of unemployment is quite serious in India.