Nature and Extent of Unemployment in India

Unemployment is not only a problem in itself but also mother of all problems existent in the society and nation as a whole. In any nation where unemployment is a permanent phenomenon, all other problems cannot remain far behind. Unemployment exists in many forms. It exists in all developed and underdeveloped economies in variable proportions. In case of an underdeveloped economy, it exists in forms of structural unemployment and disguised unemployment, along with cyclical and frictional types of unemployment in small measures. Present paper studies various bases on which unemployment is defined along with different types of unemployment existing in Indian economy.