Indian Unemployment Conundrum Natural Factors Endowments Puzzle
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2011, Vol 6, Issue 2
Abstract
India’s GDP growth has recovered fast from the global crisis, nonetheless very little is reliably known on whether it has generated adequate employment opportunities or has remained jobless in nature. The rate of unemployment appears stuck at around eight per cent.An issue for policy research thus emerges, why despite India’s factor endowment, organized sector has been choosing to replace labour with capital at this scale and whether there are policy distortions that encourage this which should be corrected. Thus, India has enormous challenges of not only absorbing new entrants to the job market but also clearing the backlog. Demographic disparities have accentuated the problem of unemployment/underemployment. Which is why still one of the three world’s poor is Indian. To realize the cherished dream of ‘inclusive growth’ it is imperative to take immediate steps of capacity building of job-seekers. Vocation training should be accelerated should be accessible to all not restricted to privileged few and also it must be economically affordable. MSME is the panacea of India malady.
Authors and Affiliations
Dr. Kavita Saxena, S. N. Ghosh
Keywords
Related Articles
- EP ID EP254064
- DOI -
- Views 67
- Downloads 0
Impact of Training & Development in Public Sector Enterprises(A Case Study of BHEL & HMT)
Training and development refers to the practice of providing training, workshops, coaching, mentoring, or other learning opportunities to employees to inspire, challenge, and motivate them to perform the functions of the...
Blood Systems : A Case Study of Cross Culture Issues and Challenges
In the wake of the “Mad Cow” disease tragedy in the United Kingdom, it became apparent that the UK would need to look elsewhere for its country’s blood plasma needs, particularly as the possibility of transfusion-related...
Tax Corruption and Parallel Economy (The Social Irresponsibility of Tax Avoidance Practice)
Indian economy is undergoing a sea change. Most of the economic models have tilted towards markets. This phase of globalisation has not only prompted change in the way of doing business but also touched significantly upo...
The Gap between Farm Gate Price and Sale Price of the Fluid Milk Industry in Sri Lanka
Sri Lanka is largely self-sufficient with most animal products but not fluid milk production. However it has a potential of producing substantial amount of high quality milk but the issues and obstacles currently the mil...
Holistic Marketing of Software Products : The New Paradigm
The software product firms needs to be competent in offering services with ever changing demands of the dynamic marketing environment. To overcome these barriers, the firms should focus on holistic marketing strategy bas...