What is the unemployment rate in India?
The statistic shows the unemployment rate in India from 1999 to 2020. In 2020, the unemployment rate in India was estimated to be 5.4 percent….India: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|---|
| 2019 | 5.36% |
| 2018 | 5.33% |
| 2017 | 5.42% |
| 2016 | 5.51% |
What is the unemployment rate in India in 2021?
The unemployment rate shot up from 6.5 per cent in March to 8 per cent in April, while the employment rate fell from 37.6 per cent in March to 36.8 per cent in April, data by private think tank CMIE said. “The labour force shrank by 1.1 million in April 2021 to 424.6 million compared to 425.8 million in March.
Which graduates are most unemployed?
Graduates, with a share of 16.3 percent, made up the highest unemployment rate in 2019. This was followed by individuals with a post graduate degree or above with a share of 14.2 percent. Therefore, the unemployment rate in the country was higher among youth with higher educational qualifications.
Which field has highest unemployment rate in India?
The uses of digital manufacturing and machinery in factories and garments are leading to unemployment in India, Unemployment is the biggest issue in India. There are unemployment rates declined to 6.5% in January 2021.
What are the causes of unemployment in youth?
Inadequate education and lack of productivity is costing jobs. Unemployment increases progressively with decreased educational levels; and the education system is not producing the skills for the labour market. Labour supply is affected by the increase in the number of job seekers over the years.
What is disguised unemployment example?
(i) In rural areas, where agriculture is the main source of income, this kind of unemployment can be seen often. If a piece of land requires only three people to work on it and instead five people are working on it, then the two extra people are said to be in a situation of disguised unemployment.