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Persistent Unemployment Grips India: Recent  Developments And Statistical  Analysis

Recently, a distressing event unfolded in the Lok Sabha when two individuals released yellow gas using canisters, highlighting their discontent with the government's handling of unemployment. Simultaneously, two others echoed slogans and sprayed gas outside Parliament, emphasizing their frustration with the job scarcity issue.

The four individuals involved shared a common thread of either being unemployed or dissatisfied with their employment status. Their stories resonated with the broader employment concerns prevailing in the country.

Manoranjan, a Computer Science Engineering graduate, assisted his father in the sheep-breeding and poultry business due to a lack of opportunities. Sagar Sharma, forced to abandon schooling due to financial constraints, resorted to driving an autorickshaw.

Neelam Verma, an M.Phil holder in Sanskrit, aspired for a government job but found herself in despair due to persistent unemployment. Amol Shinde lamented how the COVID-19 lockdown disrupted his chances of joining the Army, struggling to secure a position even after multiple attempts at the police recruitment exam. 

- Centre for Monitoring Indian Economy (CMIE) statistics depict a grim scenario of India's employment landscape.

-Labour Force Participation Rate (LFPR) plummeted to a concerning low of 39.5% in FY23, indicating a reduced share of the working-age population actively involved in or seeking work.

- Both male and female LFPRs hit their lowest levels since FY17, showcasing a worrying trend of decreased interest in employment among the working-age populace, even after the pandemic.

- CMIE's analysis highlights a consistent decline in India's Labour Participation Rate over the past seven years, exacerbated by the impact of the pandemic.

- Unemployment Rate (UR) stands at 7.6% in FY23, surpassing pre-pandemic levels, indicating a substantial portion of the job-seeking population remains unemployed.

Male Workers' Employment:

Dominantly engaged in 'trade, hotel & restaurant' sector (29.77%), followed by manufacturing and other services.

Female Workers' Employment:

Primarily involved in 'other services' (59.74%), with 'trade, hotel and restaurant' (14.73%) and manufacturing (14.19%) as subsequent sectors.

Labor Force Participation Rates:

City's rates were 57.5% for men and 9.4% for women, differing from the national averages set by the OECD at 57.3% for men and 24.8% for women.

Rising Population Numbers:

The report anticipates a notable surge in the city's population, estimating an increase of more than 50% over the next 25 years—from 1.67 crore recorded in the 2011 Census to 2.65 crore by 2036. It also noted an uptick in the city's sex ratio.

As of the 2011 Census, Delhi's sex ratio stood at 868, while the national average was 943. Projections indicate that by 2036, the city's sex ratio is expected to be 899, juxtaposed against the national average of 952.

Quarterly and monthly data further substantiates this crisis. The LFPR declined by approximately 7 percentage points in 2023 compared to 2016, with Unemployment rate in September 2023 soaring to 8.1%, significantly higher than the pandemic-affected periods of 2020 and 2021. November 2023 witnessed an alarming Unemployment rate of 9.2%, indicating a persistently growing unemployment issue gripping the nation.

In essence, these events and statistical insights collectively paint a bleak picture of the deepening unemployment crisis in India. The stories of individual struggles mirror the systemic challenges faced by many, emphasizing the urgent need for comprehensive measures to address the country's job scarcity woes.

Edited by: Matsoarelo Makuke

Photo sources: Pinterest 

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