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From December 2020 to January 2021, India's unemployment rate dropped to 6.5 percent from 9.1 percent, and its employment rate climbed to 37.9 percent from 36.9 percent. According to the NSSO – National Sample Survey Organization Report 2019, India's unemployment rate was 6.1 percent in 2018. 

Unemployment in India is a major topic in the syllabus of Economics all around the world and very often students are assigned work on it. But truth be told, it is vast area and is not easy for one to cover in a short time, in that case, external assistance becomes necessary. To provide top online immediate economics assignment assistance, BookMyEssay has assembled a team of educated and competent writing specialists.

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An Overview of Unemployment in India

In recent months, the Indian government and mainstream media have highlighted the return of economic activity. The employment market, on the other hand, has received virtually little attention. India's unemployment rate has reached an all-time high. It increased to 7.91 percent in December 2021, up from 6.3 percent in 2018-2019 and 4.7 percent in 2017-18, when the trend began to shift, indicating that this is not just attributable to Covid. This increased to 9.30 percent in December 2021 from 8.09 percent in January 2021 in metropolitan areas. In rural regions, it has risen to 7.28 percent, compared with 5.81 percent previously.

According to CMIE, women made up 23 percent (8 million) of the 35 million jobless who were actively seeking for employment in December 2021. At the same time, although not actively seeking for employment, 53 percent of the 17 million women who were passively jobless, or 9 million women, were eager to work. As mentioned above, unemployment in India is a vast chapter, covering it in one article is not possible. Our Unemployment in India homework help service is a comprehensive guide to the same and covers almost everything you need to know about it.

The Present Day Unemployment Scenario

Unemployment is clearly higher in urban regions than it is in rural areas. Manufacturing jobs fell by 9.8 million between 2019-20 and December 2021, whereas agriculture jobs increased by 7.4 million. To witness such a drive towards ruralisation, one has go back to the Raj era: workers are returning to their villages despite the fact that metropolitan employment pays higher.

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Job quality is also under jeopardy. The percentage of persons who are salaried has decreased from 21.2 percent in 2019-2020 to 19 percent in 2021, implying that 9.5 million people have left the salariat and are now unemployed or working in the informal sector. However, the informal sector has reduced to the point that, to revert to aggregate numbers, the employed population has declined from 408.9 million to 406 million during the same period, at a time when nearly 10 million young Indians were joining the labour market. Despite the belief in the so-called demographic dividend, the age pyramid does not help.

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