Unemployment means under-utilization or non-utilization of available man-power. Unemployment refers to the state of being unemployed or not having a job i.e. joblessness. A person is said to be unemployed if he or she is looking for work or is willing to work at the prevailing wage but is unable to find the job. India, with a vast population of over 2 billion individuals, is facing the biggest problem of the century in the form of unemployment of worthy and productive citizens. Our country is set to be progressing by leaps and bounds in the matter of economy but this progress is low sided that the net results is the sharp increase in the number of unemployed. Population of our country India is increasing day by day. It is the second
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Population of our country is increasing at fast rate but job opportunities are not increasing accordingly. Increasing Population i.e. High population growth, Recessions, Inflation, Corruption, Disability to do the job, Nepotism, Demand of highly skilled labour, Attitude towards employers, Undulations in the business cycles or agricultural sector comprising of the factors such as low production, natural calamities such as drought, famine or any natural disaster, Unsatisfied incomes or salaries of the employees, Willingness to work: Young people are not ready to take jobs which are considered to be socially degrading or lowly and Deterioration in Industry and business.
Unemployment results in low productivity and nil or very low incomes. This also leads to the further degradation of household standards and poverty is perpetuated. There is a net loss of national income and the economy suffers on account of low productivity. Add to this, the violent measures taken up by the youth, agitations and individual frustration, which reaches a new pinnacle every day. Low economic growth is the one of the outcomes. Unemployment can lead to emotional and mental stress, A person can also get demoralized, he can do wrong things like he can indulge in the habits like alcohol and drug abuse or even may commit suicide and Higher income inequalities and disparities leading to nothing but poverty.
Our government has taken several