Today:- Aug – Indian youth are doing nothing.They are just sitting idle, no job and no study.This type of voluntary unemployment must be a national concern. Out of the country’s 405.4 million unemployed, most of them young, only 13.7 million are looking for jobs, as of Aug 2017. Seven months ago, the number of job seekers was 25.9 million, according to a report by the Centre for monitoring Indian Economy.
The reasons for this drop in the number of job seekers, reflecting predominantly on the country’s youth, could either be their entrepreneurial dreams in lieu of several government schemes or their plans to pursue further education. But if they are doing neither, this could be a disturbing trend, the country’s youth actually doing nothing.
“The fall in the count of unemployed is concentrated in Uttar Pradesh, Bihar, Jharkhand and Odisha. These are the less developed states and these are also the states with the greatest bulge in young population. Such youngsters, who have no jobs and have even stopped looking for jobs could easily stray into unlawful activities. The demographic dividend can become a demographic demon,” says Mahesh Vyas, the CEO of CMIE.
While India is one of the world’s fastest-growing economies, employment creation in eight sectors, including textiles and automobiles, was the slowest in seven years, according to a 2016 Ministry of Labour report. This issue of voluntary unemployment could be a big deterrent to India’s progress in the future.