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Problem of Unemployment - Human Resources and Economic Development, Indian Economy Video Lecture | Indian Economy - B Com

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FAQs on Problem of Unemployment - Human Resources and Economic Development, Indian Economy Video Lecture - Indian Economy - B Com

1. What is the current unemployment rate in India?
Ans. As of the latest available data, the current unemployment rate in India is around 7.1%. However, it is important to note that this rate can vary over time and may differ across different regions and sectors of the economy.
2. What are the main causes of unemployment in India?
Ans. Several factors contribute to unemployment in India. Some of the main causes include the slow pace of job creation, lack of proper skill development, population growth, inadequate infrastructure, and the impact of technological advancements on certain industries. Additionally, economic fluctuations and policy decisions can also affect the employment scenario in the country.
3. How does unemployment impact economic development in India?
Ans. Unemployment has a negative impact on economic development in India. It leads to a waste of human resources, reduces productivity, and hampers overall growth. Unemployment also results in income inequality, social unrest, and increased dependency on government welfare programs. Addressing unemployment is crucial for sustainable economic development and ensuring inclusive growth.
4. What are the initiatives taken by the Indian government to tackle unemployment?
Ans. The Indian government has implemented various initiatives to address unemployment. Some of these include the Skill India Mission, Make in India campaign, Start-Up India program, and the National Rural Employment Guarantee Act (NREGA). These initiatives aim to promote skill development, encourage entrepreneurship, boost job creation in various sectors, and provide employment opportunities to rural households.
5. How can individuals enhance their employability in the Indian job market?
Ans. To enhance employability in the Indian job market, individuals can focus on acquiring relevant skills through education, vocational training, or certification programs. They should also stay updated with industry trends and developments, build a strong professional network, and actively search for job opportunities through online job portals, networking events, and referrals. Additionally, having a positive attitude, good communication skills, and a willingness to adapt to changing job requirements can also improve employability.
46 videos|48 docs|23 tests
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