Even though India has experienced a high growth period in the last 15 years but its employment elasticity has remained on lower side. The period is sometimes termed as Jobless growth period. Following are the reasons for unemployment in India:
- Low productivity in agriculture. Disguised unemployment in agriculture is a serious issue. More than 48% of work force is dependent on agriculture, but agriculture contributes only 14% of GDP to the
- Every year 12.8 million work force is entering into work force but job creation is not upto that pace.
- Manufacturing sector, which is an employment generator is also passing through stagnant phase. Investment climate is passing through dormancy hence less job creation.
- Globally there is tendency of protectionism going on. It is also creating hurdle in getting job. 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube