Unemployment Issue In India

 India’s unemployment situation presents a complex picture. Government data suggests a significant decline in the national unemployment rate, reaching 3.2% in 2022-23 [NDTV]. However, independent studies paint a different picture, with the Centre for Monitoring Indian Economy (CMIE) reporting a rate of 6.8% in January 2024 [Forbes India]. While the reasons for the unemployment issue in India require further analysis, there are undeniable challenges in the job market.

The Core Argument – Unemployment Issue In India:-

We are likely to criticize the gap between the government’s reported figures and the reality faced by millions of Indians. India’s lack of good job opportunities forces many highly educated graduates to take low-skilled positions, hindering their potential.

The Impact of Unemployment:-

We, are likely to explore the human cost of unemployment. The frustration of people, which results committing to do suicide, who are unable to find suitable jobs, because of:-

• The quality of education, in most cases, is quite low. Most private engineering colleges employ sub-standard faculty. These faculty members are either severely underpaid or lack the necessary qualifications for their positions.
• Most engineering colleges have a shortage of faculty.
• Most of the colleges do not have proper infrastructure.

JOBS IN COVID SITUATION:-

Now Look At The Reports Of Jobs In Covid:-

Look at these reports from May 2020:-

• The coronavirus lockdown imposed in April resulted in a massive job loss, with over 120 million Indians losing their employment.
• Further, by June 2021, 10 million people had lost their jobs during the second wave of Covid.
• 97% of household incomes declined.

Now Look at The Reports of Jobs After Covid:-

As in May 2023:-

• The Indian Staffing Federation stated that 6% of contract workers had lost their jobs in the IT sector in India in the March quarter.
• In June 2023, more than 11,000 Indian start-up employees were laid off.
• Tech companies fired more than 200,000 employees from their jobs.
• More than 27,000 employees in Amazon are fired.
• More than 21000 employees are fired in Meta.      

Possible Solutions:-

     While critical of this current situation, which might proposed solutions:-

• Focus on creating high-quality jobs instead of just increasing employment numbers.
• Reforming the education system to align skills with industry demands.
• Encouraging entrepreneurship and innovation.
• There is a direct need to focus on education. The government schools,   colleges, and institutes in our country need to improve infrastructure.
• The government needs to take action on a large scale to promote cooperative and small and micro enterprises.

What do employees need to do to get a job?

• Delete all the betting apps and gambling apps on your phone. This is a waste of your money.
• Learn new skills. It can be any skill. Whether you can watch cooking videos on YouTube and learn to cook.

Conclusion:-

This unemployment issue in India requires ongoing efforts to bridge the skills gap, foster entrepreneurship, and create quality jobs. India can unlock the true potential of its young workforce. This struggle of this Indian youth brings attention to a national challenge that demands immediate action. So, try to learn new skills, and wait for the right opportunity to come, and grab it.

Systemic issues like skills gaps and economic trends require concrete action. However, some astrologers might suggest individuals focus on professions aligned with their zodiac signs’ natural strengths, or time job applications and interviews strategically based on planetary alignments believed to influence communication and success.