BUSINESS

COMMUNICATION LIVE MADE BY:

PROJECT ARUN JOSHI

PARV AGGARWAL
VISHANT
SUPERVISED BY: PROF. MONISHA CHAWLA RAJAT JAIN
MANIK SINGH
PALAK
REPORT ON UNEMPLOYEMENT IN INDIA

LACK OF JOBS OR SKILLS

 TABLE CONTENTS:
 Introduction
 Types of unemployment
demand deficient
frictional
structural
voluntary unemployment
 Unemployment in India
 Data from research
 Causes of unemployment
 Caste system
Slow economic growth
Increase in population
Agriculture is a seasonal occupation
Diversification of skills
Skill gap
 Ray of hope
 Summary
 INTRODUCTION

 Unemployment is a term referring to individuals who are employable and

seeking a job but are unable to find a job
 those people in the workforce or pool of people who are available for work
that does not have a job
 Usually measured by the unemployment rate, which is dividing the number of
unemployed people by the total number of people in the workforce
 unemployment serves as one of the indicators of an economy’s status.
 TYPES OF UNEMPLOYEMENT

 Demand deficient : This is the biggest cause of unemployment that happens

especially during a recession. When there is a reduction in the demand for
the company’s products or services
 Frictional : Refers to workers who are in between jobs
 Structural : Happens when the skills set of a worker does not match the skills
demands of the job available
 Voluntary unemployment : Happens when a worker decides to leave a job
because it is no longer financially fulfilling
UNEMPLOYEMENT IN INDIA

90% of Indian engineers lack key skills

Now a report by talent assessment firm Aspiring

Minds shows a grimmer picture of the ability of
Indian IT engineering graduates. Only 10%, the
report claims, have adequate coding skills. Only
between 3% and 4% are fit to fill roles like
product engineer or startup engineer

Unemployment is a major social issue in India.

As of September 2018, according to the Indian
government, India had 31 million jobless
people.
India’s unemployment rate stood at 6.1% in
FY18, official data showed, highlighting the
challenge that confronts the Narendra Modi-led
government.
The unemployment rate has gone up from four per cent to 7.6 in the last two years (May 2017-
April 2019). The unemployment rate in April 2019 was the highest in two years.
 CAUSES OF UNEMPLOYEMENT

 Caste System: The work is prohibited for specific castes in some areas.In
many cases, the work is not given to the deserving candidates but given to
the person belonging to a particular community
 Slow Economic Growth: Indian economy is underdeveloped and role of
economic growth is very slow. This slow growth fails to provide enough
unemployment opportunities to the increasing population.
 Increase in Population: Constant increase in population has been a big
problem in India. It is one of the main causes of unemployment.
 Agriculture is a Seasonal Occupation: Agriculture is underdeveloped in India.
It provides seasonal employment. Large part of population is dependent on
agriculture. But agriculture being seasonal provides work for a few months.
 Diversification of skills: Job losses is not the sole problem, finding people
with the right skills for a job is a challenge
 Skill Gap: Skills gap incidentally is a general term. The Team lease report
throws light on specific skills that are lacking.
 RAY OF HOPE

 The World Bank recently estimated that India needs to create 8.1 million jobs
a year to maintain its employment rate, which has been declining.
 With a rise in per capita income, domestic demand for processed food would
also rise, making the sector a viable option for pushing manufacturing growth
and employment
 Mahatma Gandhi National Rural Employment Guarantee Act 2005
 The Government of India publishes a weekly newspaper titled Employment
News.
 National Career Service Scheme
 CONCLUSION

 Summarizing this whole report few important points comes out:-

 There is a huge number of people who are unemployed but are unskilled. We need to fill this
gap to improve this condition to improve this scenario.
 The unemployment also a problem when a person is more skilled than the job he or she is
aspiring for or not financially happy with the job.
 The lack of work life balance nowadays playing a major role in unemployment.
 A recent report came out which says that almost 90% of engineers lack skills which is a major
cause of their unemployment.
 According to the recent data, the unemployment rate of India in past 2 years has raised from
4% to almost 7.6%.
 Causes for this may vary from caste system which is a debatable issue to slow economic
growth, increasing population and diversification of skills are other issues.