Combating Unemployment: An Indian Perspective

International Journal of Research in Commerce, IT and Management, Volume No. 4 (2014), Issue No. 11 (November)

14 Pages Posted: 4 Nov 2014 Last revised: 5 Nov 2014

See all articles by CMA(Dr.) Ashok Panigrahi

CMA(Dr.) Ashok Panigrahi

SVKM's Narsee Monjee Institute of Management Studies (NMIMS)

Palaash Kumar

SVKM's Narsee Monjee Institute of Management Studies (NMIMS)

Date Written: November 4, 2014

Abstract

Inequalities in income and wealth can witness a sea change only in a longer term perspective. A change in inequality (i.e. an increase or a decrease in the inequality) can be brought about by the employment structure of an economy. The functionality of the governments is bound by administrative and fiscal constraints; therefore, the income distribution is, in a normal manner, marginally impacted by the target group programs. What India faces as the major challenge is youth unemployment and that too for the labour market policy even against the backdrop of the country’s increased levels of literacy and demographic dividend. 49 percent is the share of the unemployed people in India that is made up by young job seekers. The informal sector provides for 93 percent of the available work as a result of which a large number of well-educated youth face unemployment, underemployment or are seeking employment or are between jobs or adjusting with insecure work arrangements. What is required in India is cooperation, both national as well as international, among different trade unions, vocational training organizations, and committees at the national level in order to provide an environment full of opportunities for economic growth. Indian youth, in the absence of any formal social security, is faced with the challenge of survival and limited growth prospects. To check unemployment among the youth in India, various measures have been initiated. India has introduced a number of employment generating schemes, including those under MNERGA. Similar policy initiatives have been taken for skilled workers. However, these initiatives have had limited impact. There is a need to learn about other’s experiences, their employment guarantee programs and also their social security programs. In this study we will investigate the various causes of unemployment in India and the possible measures to eradicate it.

Keywords: Employment, unemployment, skill development, joblessness, literacy, vocational education, training

JEL Classification: J21, J23, J10, J11

Suggested Citation

Panigrahi, Ashok and Kumar, Palaash, Combating Unemployment: An Indian Perspective (November 4, 2014). International Journal of Research in Commerce, IT and Management, Volume No. 4 (2014), Issue No. 11 (November) , Available at SSRN: https://ssrn.com/abstract=2518912

Ashok Panigrahi (Contact Author)

SVKM's Narsee Monjee Institute of Management Studies (NMIMS) ( email )

Narsee Monjee Institute of Management Studies
Mukesh Patel Technology Park
Shirpur, MS 425405
India
8888810975 (Phone)

HOME PAGE: http://nmims.irins.org/profile/149882

Palaash Kumar

SVKM's Narsee Monjee Institute of Management Studies (NMIMS) ( email )

V. L. Mehta Road
Vile Parle (W)
Mumbai, Maharashtra 400056
India

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