Advanced Analysis of Employment Dynamics in India: Key Determinants and Strategic Perspectives

Abstract

Employment in India is a major issue as it affects the overall growth of the economy. Various aspects of employment contribute to better understanding of the topic. The major reason for the low employment rate in India is due to the lack of quality education and skills among the Indian youth. Though the government has taken various measures to improve the employment rate in India such as providing skill employment training to the unemployed, providing better access to capital for small businesses etc, the unemployment rate is estimated to be around 8.5%. As per the statistics in 2023 there are more than 400 million people in India who are either unemployed or under employed. In addition to the issue of unemployment there are also problems with under employment and low wages. It is important to note that the people who are already employed do not receive wages that are sufficient to support themselves and their families. The government needs to focus on creating an environment that encourages investment which leads to job creation. This paper delves deep into various aspects of employment in India such as present features of employment, contribution of different sectors to GDP, government initiatives to reduce unemployment etc