Page 3 - Unemployment In India

10 mn youth to get internships at top companies over next 5 yrs: Mandaviya

Mandaviya applauded Union Budget and said that first budget under PM Modi's third term is aimed at increasing employment, supporting middle class, and boosting growth rate of country's economy

11% increase in US dollar withdrawals in India since May 2023: Report

Software engineers, consultants made the most such withdrawals in 18 countries, says payroll company Deel

Budget 2024: Unemployment rate among females is higher than males

More vocational and technical training is available but over two-third of the working age population has received none

India put up tariff walls. To revive factories, it must bring them down

The jobs crisis in the most-populous nation has assumed alarming proportions. Young graduates are nine times more likely to be unemployed than those who can't read or write

Budget 2024: Govt plans employment-linked incentive scheme for job creation

Budget 2024: The proposed ELI scheme may offer tax relief and wage subsidies to companies for creating employment opportunities amid rising concerns over 'jobless growth'

Manufacturing wages are heading up amid labour shortage in country

Pay is rising faster than in other segments of the economy

Unemployment rate rises to 8-month high of 9.2% in June: CMIE data

Rural areas continue to experience higher unemployment rates, with joblessness growing to 9.3 per cent in June 2024 from 6.3 per cent in May 2024 and 8.8 per cent in June 2023

CII, Nasscom to provide digital skilling to 100,000 non-IT youth in 2 years

CII said that seven target sectors have been identified to begin with

People bearing double brunt of unemployment, price rise, says Jairam Ramesh

Congress leader Jairam Ramesh on Saturday attacked the Narendra Modi government, claiming that it is nonchalant and not concerned about the issues of unemployment and price rise. In a post on X, Ramesh shared a media report on increase in food prices, and said people are bearing the double brunt of rising unemployment and price rise. The increase in the prices of kitchen essentials such as potatoes, onions, tomatoes, vegetables and pulses are witnessing record increase, he claimed in his post in Hindi. "But one-third prime minister is completely nonchalant and unconcerned," Ramesh said. The Congress general secretary claimed that Prime Minister Modi never talks about inflation. "Amid rising unemployment, people are being hit doubly by high inflation. For how long will the public bear the brunt?" Ramesh said.

Employment in informal sector below pre-Covid level, shows NSO data

According to the factsheet, the number of unincorporated enterprises rose by 2 million between July 2015-June 2016 and October 2022-September 2023 to 65.04 million

Unemployment, infra, corruption-free nation key issues for Delhi voters

From employment, inflation, better roads infrastructure, clean drinking water, women safety, education, health care services to corruption free India -- myriad of issues dominated the minds of voters when they stepped out to exercise their franchise. The seven Lok Sabha constituencies of Delhi went to polling on Saturday. A two way fight between the BJP and an alliance between the Congress and the AAP as part of the INDIA bloc is being played out in the capital. Visuals from the polling booths showed people of all ages flocking the centres while braving the sweltering heat in the city to exercise their right. "I feel proud to have carried out my democratic duty. I was the first voter in my booth and also was given a certificate by the District Election officer as a mark of appreciation," said Sunil Kumar Jha, who was the first one to cast his booth in New Delhi constituency's Gole Market. "I have voted on the issue of development," he added while appreciating the facilities and ..

Young voters set to shape India's political future in 2024 Lok Sabha Elections

The rising power of young voters in the 2024 Lok Sabha elections: How new demographics are shaping India's political future

LS polls: Vote for love not hate, against unemployment, appeals Kharge

As polling began in 49 constituencies for the fifth phase of the Lok Sabha elections, Congress president Mallikarjun Kharge on Monday urged people to vote for love and not hatred and cast their ballot against unemployment and inflation. Voting is being held in 49 constituencies in six states and two union territories in the fifth phase, which will decide the electoral fate of several prominent leaders like former Congress president Rahul Gandhi, Union ministers Rajnath Singh and Smriti Irani and former Jammu and Kashmir chief minister Omar Abdullah. In a post in Hindi on X, Kharge said, "If we want to protect democracy and the Constitution, we must vote. Before pressing the button on EVM, remember that we should vote for love and brotherhood, not for hatred." "We have to vote against unemployment and inflation, not to make a few capitalists richer. We have to vote for the protection of our fundamental rights, not for those who snatch our rights," the Congress president said. He urg

Unemployment among Indian youth is transient, says RBI MPC member Goyal

Unemployment is highest for younger age brackets, but it is 'transient' as Indian youths spend more time acquiring skills and trying hands at entrepreneurship, RBI Monetary Policy Committee (MPC) member Ashima Goyal has said. There is steady improvement in job creation in the country with the strong growth recovery, Goyal added. "Youth unemployment is higher for the more qualified, but they also earn higher wages. "Therefore, youths are spending more time acquiring skills and in job search," she told PTI. Goyal was responding to a question on the International Labour Organization (ILO) report -- which showed that in 2022, the share of unemployed youths in India's total unemployed population was nearly 83 per cent. "Unemployment is highest for younger age brackets but it is transient...While they wait, they do informal work or take risks at entrepreneurship, where a few do very well," she added. Goyal pointed out that the ILO report also shows that youth unemployment has been fal

Unemployment rate highest in country under Modi govt: Priyanka Gandhi

Congress leader Priyanka Gandhi Vadra on Saturday hit out at the Narendra Modi government over jobs and inflation, saying the unemployment rate is the highest in the country. Addressing a campaign rally at Udgir in Latur district for the Congress candidate, she said 30 lakh posts are lying vacant in the Central government which have not been filled in the last ten years. "Hardships (of the people) and unemployment have risen in the last ten years. 70 crore people, youth are unemployed," Gandhi said. The AICC general secretary also said GST (Goods and Services Tax) has been imposed on every (piece of) agricultural equipment and promised to abolish it after Congress comes to power. Gandhi alleged democracy was being weakened while in Maharashtra, legislators were bought, governments toppled, and parties were being split. "There is no bigger crime than what is happening to democracy," she added. Congress has fielded eye surgeon Shivaji Kalge in Latur (SC) Lok Sabha constituency agai

Jobs listed on govt's NCS portal surge threefold to 10.9 million in FY24

In FY24, the number of job seekers selected via the portal surged by 53 per cent to reach 8.72 million, compared to 5.72 million in FY23

Lok Sabha polls: Unemployment key issue for Assam's first-time voters

Unemployment is the primary concern for Assam's first-time voters in addition to other national and state issues including inflation, GDP, infrastructure development, foreigners' problem, and the Citizenship Amendment Act (CAA). Talking to PTI, youths flagged a host of issues from local college and university matters to broader national concerns, emphasising their intention to vote based on candidates' manifestos. "We have seen that the ruling parties are carrying out development works. But I want to say that development is an ongoing process and it should continue forever. I believe that the most important issue is the foreigners problem," said Arunav Dutta, the general secretary of Jagannath Barooah College Students' Union. The related issue of Citizenship (Amendment) Act, 2019 is also very important nowadays and first-time voters are aware of the "consequences" of this law, he added. "Moreover, the unemployment issue is very important for us. Price rise of various essential item

Economic management: The one thing Biden could learn from PM Modi

While India's economy might be posting impressive growth numbers, employment and wages haven't kept up

Raghuram Rajan flags employment concerns amid India's growth momentum

Raghuram Rajan's remarks come at a time when unemployment remains a major issue in India, with a survey by Lokniti-CSDS revealing that 27% of voters consider it their top concern

The right to first job: Why apprenticeship hasn't taken off in India

Apprenticeship in India has failed to take off majorly due to the lack of awareness among the firms especially in the services sector, believe industry observers