International Journal of Applied Marketing and Management

Shikha Rajvanshi ¹, Surabhi Saxena ², Padmini Verma ³

Affiliations
1 J. P. Institute of Education & Applied Sciences, Meerut, Uttar Pradesh, IN
2 Dev Bhoomi Group of Institutions, Dehradun, Uttarakhand, IN
3 Mewar Group of Institutions, Ghaziabad, Uttar Pradesh, IN

Abstract

Unemployment is not only an economic problem; it is mother of almost all the problems ranging from economic, political, social, educational, psychological, emotional, cultural, ethnical and religious, to any other category of problems encountered by people and the nations. If it is solved, half of the problems in the world would end up in a jiffy. Unemployment is a problem that gradually eats away the very vitalities of the nation and tends to corrupt the life of the people inhabiting it. Unemployment sometimes leads to the problems which could have been averted only if the government of the nation could provide some sort of fruitful economic activity for the people to sustain their lives. It is a hard reality of almost all the underdeveloped and developing nations that they find it difficult to deal with this gigantic problem and just fall into its trap. The nations which suffer from the problem of unemployment can hardly develop with full force and do what they are capable of. It is with this thought that that present paper analyses the problem of unemployment from the perspective of education as the cause of unemployment.

Keywords

Unemployment, Educated, Developing Nations etc.

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Neelam Singh ¹, Surabhi Saxena ², Anuradha ³

Affiliations
1 Associate Professor, HOD Economics, VMLG (PG) College, Ghaziabad, Uttar Pradesh, IN
2 Assistant Professor, Dev Bhoomi Group of Institutions, Dehradun, Uttar Pradesh, IN
3 Research Scholar, IIMT University, Ganganagar, Meerut, Uttar Pradesh, IN

Abstract

Proper utilization of workforce ensures the development of all the nations of the world. It is the resource which guarantees the utilization of different factors of production and gives a boost to growth and development of nations. It is important for all the nations of the world to take care of its workforce and its employability, if they wish to develop their economy in long as well as short run. India has become the youngest nation of the world and possesses the demographic dividend. But, the demographic dividend of India is not being utilized properly. India does not possess the required amount of capital formation to engage the increase in the workforce of the Indian economy. The workforce participation rate in India is lower than in most countries in the world. If taken in absolute terms also, it is lowest in the present decade as well. Almost 50 percent of the population of India does not contribute anything to the economic development and is dependent on the rest of the population which is employed. If this trend of decline in workforce, participation rate continues for some more years than the Indian economy may have to face serious consequences. It is with this imperative that the present paper highlights the present and past trends of workforce participation rate of India and presents the true picture of the situation.

Keywords

Workforce, Employment, Growth.

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