The problem
of unemployment is a serious problem which if not cured, leads to poverty. In
India, this problem is a quite major one. Currently, a whole of 13.3% of the
Indian population is unemployed. Basically, it is a situation where people are
willing and able to work but are not getting any jobs due to many reasons.
These people include only those who are above the age of 18 years because of
the child labor law in India. There are various reasons for this situation to
arise. Let’s discuss them.
1.SLOW
ECONOMIC GROWTH
The actual
rate of growth of the Indian economy is always far behind the rate that has
been planned in the five-year plans. This has been observed since the past five
decades. Due to this, there are low employment opportunities available and
hence, a majority of people are left unemployed. The generation of these
opportunities could not keep up with the increasing labor force.
2.POPULATION
EXPLOSION
The rapid
growth of the population is another prime reason why unemployment is growing.
The human capital in the country is increasing rapidly but the employment
opportunities is not growing enough. This leads to a lot of people being
jobless.
3.UNDERDEVELOPED
AGRICULTURE
The antique
methods of technology used for agriculture is also responsible for unemployment
or underemployment because the population is growing more than the
opportunities available.
4.FAULTY
EDUCATIONAL SYSTEM
The
education system in India right now is still full of defects as it does not
provide the students with any transformational technical and vocational
education. As a result, most of the students are not qualified enough or does
not possess the required education skills for many jobs. This again leaves a
lot of them unemployed.
5.SLOW
GROWTH OF INDUSTRY
There is a
massive shortage of capital and technology that restricts the industries from
growing and developing. This is why they are not able to create more employment
opportunities in the country. It is only possible for them to increase this
opportunity percentage if their own industry will shine bright since they
require more employees. For this, advanced technology is required which is
unavailable.
6.REDUCTION
OF SMALL-SCALE INDUSTRIES
Over the
past few years, a large number of small-scale industries in the villages have
declined. This is due to the change in taste of the consumers. With the
availability of new technology, people have started shifting their choices from
traditional products to modern products. This led to the shutting of these
small-scale industries due to the lack of demand. As a result, not only people
have less employment opportunities but those who did have a job also lost it
and became unemployed.
7.DEFECTIVE
PLANNING
The plans
formed by the government did not stop the migration of rural population to the
urban population and have also failed to encourage labor intensive technology
in the agriculture and industrial sector and as a result, in the rural areas
there is less employment opportunities considering everyone tends to move to
the urban areas.
8.LOW
CAPITAL
There is a
considerably low growth rate of capital in the country in both the agricultural
and the industrial sector and therefore, the employment opportunities is less
since these sectors are not able to grow as much as they should.
