Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Unemployment: the next crisis?
Wed, 29 Jan Pre-Open

The highest share of youth in India is often cited as one of the country's major strengths. Demographic dividend is something that the country has often prided on. However, if recent statistics are anything to go by, the country seems to be losing its core strength.

As per a report by International Labour Organization (ILO), the unemployment scenario in India over the last two years has been rising. As per ILO's estimates, this year, the country's jobless rate could stand at 3.8%.

The slowdown in the economy and deterioration in the fundamentals seem to have taken a toll on the country's rising population. Apart from the slowdown in expansion of business activities, a major cause of rising unemployment is that even where jobs are available, the youngsters are unlikely to get the opportunity due to the lack of the required skills

Hence, there is a gap between the demand and supply in the labour market that needs to be addressed with the adequate training skills. The responsibility of bridging this gap lies not just on Government, but educational institutions as well. The failure to do so will not only drag the economy by compounding the unemployment problem further; but it is likely to lead to far more serious consequences. While youth can be a biggest asset for a nation, the same if not given enough opportunities to keep itself productively engaged and financially secured can lead to anarchy and issues like Naxalism etc. It is time that the Government takes some serious steps to overhaul the education system and ensure enough training skills for the youth. Unless the long-term unemployment issue is addressed, all efforts for an economy recovery are likely to fail.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Unemployment: the next crisis?". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms