Unemployment | India Economy

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⇒Unemployment in India is a very crucial problem.

 ⇒ It is structural in nature. It is also cyclical.

 ⇒ A person working 8 hours a day for 273 days of the year is regarded as employed on a standard person year basis.

 ⇒ Due to conceptual and statistical difficulties the estimates of unemployment and underemployment both in rural and urban areas are neither accurate not reliable.

 ⇒ Dantewala Committee was appointed in 1969 for estimation of unemployed.

 ⇒ UPSS Concept-Dr. Montek Singh Ahluwalia (2001)

 ⇒ Current Daily Status (CDS) Concept- Dr. S.P.Gupta (2002)

 ⇒ Labour force grows at faster rate than employment rate

 ⇒ The Eleventh Five Year Plan (2007-2012) aimed at generation of 58 million work opportunities.

 ⇒ According to NSSO data, during 2004-2005 and 2009-2010, the overall labour force expanded by only 11.7 million.

 ⇒ As per result unemployment in absolute terms came down by 6.3 million.

 ⇒ In 2009-2010, unemployment is lowest in Rajasthan (4%) and highest in Kerala (75%) in rural areas and lowest in Gujarat (18%) and highest again in Kerala(73%) and Bihar (73%) in urban areas.

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