The rate of unemployment in India is reaching new heights where quality jobs with sincere wages or income are now becoming a major challenge for the government. Many reports and data shows that unemployment level in India has stood up to 8.1% in 2022, where the central government is monitoring all over the India economy data where a sincere rise or slight improvement has been recorded for around 12% unemployment issues have seen a peak in the Covid-19 wave which was during the 2nd wave witnessed by the Indians, where only 40% of Indians were having a keen employment level, whereas others were indeed looking out for job opportunities in comparison to 60% in the other countries across the globe.
The companies for Criminal Background Checks for Employment and the Pre Employment Verification Services mainly have recorded that around 26% of India males aging between 20 to 30 years in the last 10 years at least with proper education are still not working whereas the figure has grown over 2% for those individuals aging across 30. The data given also showcases that there are millions of job’s in order lying under the informal services where mainly the labor sections working under contractual basis are suffering with less than 5% of the workforce being formally skills in comparison to the 75% lying in other countries such as 75% Germany, whereas 96% in South Korea. The Criminal Background Checks for Employment services also saw that India is now measuring much lower female workforces in the world which have declined from over 35% in 2005 to 21% in today’s date where the average world is working around 50%. This stage has been due to the sudden occurrence in Covid-19 economy where the recovery rate went back towards the male working population while the other female working class had to face the wrath of losing out on their jobs.
There are many other studies which showcases that at any given point there are around 30 million students who are currently pursuing their higher education in India, where large low-income populations are also been witnessed with larger areas in the agriculture sectors and towards the high-end rural to urban migration where the only focus can be inserted on the specific industries with the main center going towards the segment of manufacturing with the ideation to create a new jobs in the market. Also, the switch that has been high over the years saw a steady growth in the country of China, where now people are leading towards the segment of poverty. Therefore, in India, there is a contrast with the manufacturing base being still small with the contribution of 15% of GDP with 11% of employment.
Address: A/203, Osia Classic, Amboli, Andheri (West), Mumbai – 400 058, Maharashtra
Phone: 022 49782379
0
