The problem of unemployment in the country is yet to receive the significant attention from the government. Do you agree with this view? Comment (200 Words)
Refer - The Indian Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· The government finally released the Periodic Labour Force Survey (PLFS) results, most of the fracas pertained to the historically high unemployment rate of 6.1 per cent in 2017-18.
· Inflation hurts almost the entire population. Equally importantly, high inflation rates can upset financial markets that in turn exert pressure on regulators to keep inflation in control.
· Lack of adequate jobs is an economic problem that merits more analytical and policy attention than the political attention it gets in India.
· India’s LFPR is at around 40 per cent when the global rate is close to 60 per cent. It is important that this belief in the futility of a job hunt is overcome by an explosive creation of new good quality formal jobs.
· With due respect to all forms of labour, it cannot be the desire of a nation to move people away from high productivity, better quality jobs in manufacturing to low productivity employment in agriculture or as gardeners or security guards in the household sector.
· Employment opportunities need to expand in areas where labour is deployed to deliver higher productivity for enterprise and higher returns to labour.
· The investment climate needs to be business-friendly and government interventions must shift away from supply-side support to spurring demand.
Manish 3 years
Please Review !
IAS Parliament 3 years
Avoid writing extreme statements and try to bring coherence to the answer. Keep Writing.
IAS Parliament 3 years
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