Economics (NTSE/Olympiad)  

2. People As Resources

Magnitude Of Unemployment In India

Magnitude Of Unemployment In India
There are two ways by which the magnitude of unemployment is measured in India.
1. Conducting sample surveys and population census.
2. The information provided by employment exchanges.
Problems Due To Unemployment
1. Many youth with matriculation, graduation and post graduation degrees are not able to find a job.
2. It leads to wastage of man power resources.
3. People who are an asset for the economy turn into a liability.
4. There is a feeling of hopelessness and despair among the youth.
5. Inability of educated people who are willing to work to find gainful employment implies a great social waste.
6. Unemployment tends to increased economic overload.
7. The dependence of the unemployed on the working population increases.
8. Unemployment has detrimental impact on the over all growth of an economy.
9. Increase in unemployment is an indicator of a depressed economy. It also wastes the resources.

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