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IJMSS11Nov18-8749 (1)
Abstract
This paper examines the cause of unemployment in India in recent market scenario. Government is rightly concerned about create jobs for youth and rising levels of youth unemployment because of not only direct economic expenses but also social issues related problems like as poverty, smuggling, acid attacks, violence against women on her working place, drugs, labour force, poor education planning, wrong education system, new-liberal economic policy, various causes of poor placements. This paper also suggests various measure to overcome of these burning problems of unemployment. According to ILO & UN Report the current unemployment rate is 3.5 percent in 2018. The paper also suggests and recommend some points to overcome of this present situation of unemployment prevailing in India.
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Declining fertility rates have changed the age structure of India's population, resulting in a "bulge" in the working age-group. This "demographic dividend" has improved the dependency ratio leading to the hypothesis that the bulge in working population will lead to an acceleration in growth. However, recent employment figures indicate that the absorption of the Indian youth into the labour force is not as high as one would expect. This is perhaps due to the poor employability of the workforce, which is severely affected by a deficit in educational attainment and health. This needs to be remedied in order to take advantage of the opportunity for growth that the demographic dividend is supposed to give India.
The structure of the paper is as follows. Section A proposes that the starting point for policy discussion should be the employment problems of those young people in developing and transition countries who are at the greatest disadvantage, rather than merely those who are unemployed. In section B, as a framework for policy formulation, it is suggested that the position and potential in the labor market of the disadvantaged young depends partly on the strength and dynamism of the demand for labor in general and partly on the extent to which they are able to integrate into economic processes so that, when the demand for labor increases, they can take advantage of the greater scope for improving the quality and quantity of their employment. Section C (the longest section) reviews the youth employment policies and programs that have been implemented in developing and transition countries, with headings derived from the analytical framework of section B: 1. increasing the demand for labor in general in relation to supply; 2. increasing the integrability of the disadvantaged young by: (a) remedying or counteracting market failure, including; i) labor market failure; ii) credit market failure; iii) location-related market failure; and iv) training systems failure; (b) optimizing labor market regulations; (c) improving the skills of disadvantaged youth, including i) literacy and numeracy; ii) vocational skills. Section D briefly outlines the policy measures needed to deal with the problem of educated unemployment - not the fundamental youth employment problem but one which is of understandable concern to governments. Section E sets out the key data needs for diagnosis and monitoring of the employment problems of disadvantaged youth, including a minimum format of data that should be routinely available. Finally, in Section F, the threads of the policy discussion are pulled together into a set of policies that can help to prevent the emergence ofemployment problems among the disadvantaged young in developing and transition countries.
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