A Study On The Causes And Impact Of Unemployment In India

Abstract

The rate of unemployment in India has been increasing over the years. The current paper aims to analyze the factors leading to unemployment and its impact on the Indian economy. The study focusses on how employment rate plays a major role in overall development of the economy. The study makes use of secondary data sources and focusses on the present scenario of unemployment in rural and urban areas. The paper analyzes how an increase in population, poverty, illiteracy, inflation and lack of full employment can lead to a slowdown in the growth of the economy. The paper discusses the problems faced by the economy due to high rate of unemployment and recommends strategies to improve the current status of employment in the country.