No Result
View All Result
  • Login
Wednesday, August 10, 2022
Afternoon Voice
SUBSCRIBE
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
Afternoon Voice
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Epaper
  • More

Unemployment levels rising in India: Experts

afternoonvoice@gmail.com' by Afternoon Voice
January 27, 2014
in Nation
A A
0

Youth-unemploymentThe count of people being without a job is on the rise in India as economic slowdown and slower business expansion activities cast a shadow on employment generation, say experts.

Indicating sluggishness in the country’s job market, the International Labour Organisation (ILO) has said in its recent report that the unemployment scenario in India over the last two years has been showing a rising trend.

Going by ILO’s latest estimates, India’s jobless rate could be 3.8% this year.

Ritu Mehrotra, VP Global HR and Talent Management of Bristlecone, a Mahindra Group company, said that due to migration to urban areas there is a sharp rise in the unemployment rate in rural areas as well.

“Government should step up their efforts to support skill and retraining activities to address the gaps between demand and supply of work skills and qualifications and to address long-term unemployment,” she said.

In South Asia, labour markets continued to suffer from high rates of informal/agricultural employment where jobs are poorly paid and unprotected, ILO said in the report.

Unemployment rate in India is showing an increasing trend since 2011 when it was 3.5 percent. The same rose to 3.6 percent in 2012 and climbed to 3.7 percent last year.

This year, jobless rate is expected to rise to 3.8 percent, according to the report ‘Global Employment Trends 2014’.

According to the ILO report, it has been argued that India was experiencing ‘jobless growth’ due to the fact that total employment grew by only 1.1 million from 2004/05 to 2009/10 (based on the National Sample Survey), representing an employment elasticity of almost zero.

However, total employment in India expanded from 2009/10 to 2011/12 by a much healthier 13.9 million, “though many of these jobs are in the informal economy,” it added.

Executive search firm GlobalHunt’s MD Sunil Goel said in the last couple of years Indian and global economies have been facing slowdown. New business expansions are also not happening at all or has gone down, he added.

A large pool of youth in the age group of 18-25 years despite being skilled are facing unemployment issues since there are not enough opportunities for them, Goel said.

In India, ILO report showed, 21.2% of working men (aged 15, 59) had a regular salaried job (in 2011/12 period).

“India’s biggest worry and centre of all debates essentially needs to be the growing informal employment which counts for 94 percent of the workforce and is growing faster than formal employment,” Indian Staffing Federation Vice President Rituparna Chakraborty said.

afternoonvoice@gmail.com'

Afternoon Voice

Recommended For You

”Cong. think that by wearing black clothes, their period of despair will end. ” PM Modi on Cong. over 5 Aug protest
Nation

”Cong. think that by wearing black clothes, their period of despair will end. ” PM Modi on Cong. over 5 Aug protest

August 10, 2022
9 Indian fishermen arrested for trespassing in Sri Lankan waters
Nation

9 Indian fishermen arrested for trespassing in Sri Lankan waters

August 10, 2022
Justice UU Lalit appointed as 49th Chief Justice of India
Nation

Justice UU Lalit appointed as 49th Chief Justice of India

August 10, 2022
J&K: 3 LeT Terrorist were killed in encounter in Budgam
Nation

J&K: 3 LeT Terrorist were killed in encounter in Budgam

August 10, 2022
J&K: One terrorist killed in an encounter in Budgam
Nation

J&K: One terrorist killed in an encounter in Budgam

August 10, 2022
New government will address unemployment and poverty on priority: New Dy CM of Bihar Tejashwi Yadav
Nation

New government will address unemployment and poverty on priority: New Dy CM of Bihar Tejashwi Yadav

August 10, 2022
ADVERTISEMENT

LATEST

Kirit Somaiya, BJP

Bail to Kirit Somaiya- Opposition calls it privilege as BJP leader

August 10, 2022
Maharashtra to house transgender inmates is special jails

Maharashtra to house transgender inmates is special jails

August 10, 2022
”Cong. think that by wearing black clothes, their period of despair will end. ” PM Modi on Cong. over 5 Aug protest

”Cong. think that by wearing black clothes, their period of despair will end. ” PM Modi on Cong. over 5 Aug protest

August 10, 2022
9 Indian fishermen arrested for trespassing in Sri Lankan waters

9 Indian fishermen arrested for trespassing in Sri Lankan waters

August 10, 2022
Devendra Fadnavis

Deputy chief minister Devendra Fadnavis says ” Real Shiv Sena has now come along with us”

August 10, 2022
ADVERTISEMENT
Afternoon Voice

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Important Links

  • Disclaimer
  • Privacy Policy
  • About Us
  • Contact Us
  • Support Parallel Media

Follow Us

No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?