Unemployment is a key concern facing India
Back in the first quarter of this year, some press reports  suggested that data from the Periodic Labour Force Survey (PLFS) by NSSO put unemployment rate at 45-year high. The finally published numbers in PLFS for 2017 -18 (published in May 2019) put the unemployment rate for urban male youth at 18.7 per cent and for rural male youth at 17.4 per cent. For urban and rural female youth the unemployment rate was 27.2 per cent and 13.6 per cent, respectively . These are indeed alarming statistics and perhaps point towards the biggest challenge that this government will face in its second-term – to find jobs for young, aspirational youth looking for opportunities to improve their standards of living.
While the Indian economy is going through a rough patch
According to eminent economist and former NITI Aayog vice-chairman Arvind Panagariya, India needs to grow at 8-10 per cent if good jobs are to be provided to those joining the workforce . Read More
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