Why Unemployment

Why Unemployment?
Unemployment in a developing country like India is a root factor that is affecting the overall
country’s economy. Increasing population creating the absence of employment opportunities. According
to Centre for Monitoring Indian Economy (CMIE), an economics and business think-tank, as of 2018,
unemployment in India had risen to 31 million individuals looking for jobs. The lowest unemployment
rate in India was 3.4% (July 2017) but has now risen to 7.1%.
There may be some identified and unidentified factors that are contributing to the rapid pace of
unemployment in India. But, in-order to tackle this we cannot be with the same mindset that has
created the problem. We used to look up at the Robots,Super computers and Artificial Intelligence and
wonder, now we just look down and worry about the human intelligence and their worth.
This era has the youngest global cohort in history. At every crucial stage in the history, young people
are the one who changed the toss of the coin and led for a better change. So now we as a country have
to Re-frame the policies and stereotypes and have to create the opportunities in each and every sector.
We can see the millions of graduates are coming out every year but no country can supply the jobs
for the entire graduate ecosystem. Because, there is no need of volume of graduates but the power
packed graduates who can adds value to the organizations and yields effective productivity and they can
get their job roles anyway. Here we can see that the supply of people is more than the Industrial
demand and hence the remaining graduates are becoming unemployed.
So, for this we need to focus at macro level and has to concentrate on all the fields and sectors that
a person can be employed. The World bank also reported that India should re-orient its policies to drive
high growth across sectors instead of focusing only on hi-tech firms. At present India needs a balanced
approach to overcome the unemployment growth rate.
Things we need to re-formulate.
1. Sports and other activities as a Career:

Indian children are taught to only study and is the only thing that can bring the prosperity to one’s
life. As a nation we don’t respect other fields other than education. There are numerous fields one can
get into and lead a life but unfortunately neither Families nor the government is supporting the children
to get into the different fields. As there is a financial support from the government for studies but not
for other activities in other fields, Government should promote sports by giving financial support for the
candidates who are passionate in taking sports as a career.
“Neither a Gold medalist in Academics nor a Noble prize winner in Physics cannot play like a pro
cricketer and hit a six.” So atleast now, the government has to stop to regard sports as an “extra
curricular activities” and to make them a part of curriculam.
2. Focus on Primary Sector:

A primitive economy primarily focus on the primary sector I.e., Extraction of raw materials,
Agriculture, Fishing etc., But today as there is neither subjective nor the practical exposure of Agriculture
for the country’s youth. At least, there is no mentioning of the importance of Agriculture in the
Curriculum, this makes the pupil to forget that Agriculture is the basic necessity for any human being to
survive and can be the great option to take it as a career.
“ Government should stop promoting unnecessary subsidies to the farmers, this is making them
lazy and getting paid irrespective of their work in the fields. Instead of that, government can make
some strategies and procedures for the better crop production which can lead to yields more.”
And the investments of both public and private sectors in Agriculture is declining, this is an
important reason why employment opportunities are low in this sector. Hence, accelerating investments
in agriculture infrastructure including irrigation, power supply and development of agricultural markets
are required, These not only generates employment and also increases the amount of contribution to
the country’s GDP.
3. Self-employment:
In India, neither Teachers in schools nor Parents at home never teaches about the concept of self-
employment. As there will be the numerous risk factors that may affects the self employment, both
parents and Graduates are not interested to consider Self-employment as their choice. Though the
government is now taking actions to promote start-ups and entrepreneurial activities, many start-ups
are shutting down with in the span of 2 - 3 years due to lack of entrepreneurial skills and industrial
exposure. In-order to overcome this, government and universities have to come together to give quality
education and skills that are required to be self employed which also promotes employment to others.
4. Development of the Economy:

Employment and Economy are interrelated. We need better employment for the better output, so
better economy and to create employment opportunities we need development of the economy. For
this we need to increase final output, I.e., production.
5. Sense of caste prestige:

We are about to make a step in 22 nd century and still framing policies, rules and regulations based
on the Caste and Religion. When India learns to define an individual based on his/her worth and abilities
and not just biased from any caste then the suitable people will take the charge in all fields and so
increase effective output, which is also a major contribution for an economy.
The main challenge in-front of us is to tap the talent of the young generation to create the
productive ecosystem by creating opportunities in almost all the possible sectors and making them
to contribute to an economy.

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Why Unemployment

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Why Unemployment?

Things we need to re-formulate.

1. Sports and other activities as a Career:

2. Focus on Primary Sector:

4. Development of the Economy:

5. Sense of caste prestige:

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