Unemployment Levels Rising In India: ILO Report

The count of people being without a job is on the rise in India as economic slowdown and slower business expansion activities cast a shadow on employment generation, say experts.

Indicating sluggishness in the country’s job market, the International Labour Organisation (ILO) has said in its recent report that the unemployment scenario in India over the last two years has been showing a rising trend. Going by ILO’s latest estimates, India’s jobless rate could be 3.8 %this year.

Ritu Mehrotra, VP Global HR and Talent Management of Bristlecone, a Mahindra Group company, said that due to migration to urban areas there is a sharp rise in the unemployment rate in rural areas as well.

“Government should step up their efforts to support skill and retraining activities to address the gaps between demand and supply of work skills and qualifications and to address long-term unemployment,” she told PTI.

In South Asia, labour markets continued to suffer from high rates of informal/agricultural employment where jobs are poorly paid and unprotected, ILO said in the report. Unemployment rate in India is showing an increasing trend since 2011 when it was 3.5 %. The same rose to 3.6%in 2012 and climbed to 3.7 %last year.

This year, jobless rate is expected to rise to 3.8 per cent, according to the report ‘Global Employment Trends 2014′. According to the ILO report, it has been argued that India was experiencing ‘jobless growth’ due to the fact that total employment grew by only 1.1 million from 2004/05 to 2009/10.

Hi guys If u like this post please leave a comment in comment box... comment box will top right of every post and bottom of every post. its useful for me give a better information.. check top of the blog there is menu bar in that go to comments i replied for u r comments because there is no direct option for reply for u r comments. if u want to give any suggestion in bottom of blog there is contact information option please leave a msgs with u r mail id sure i will get u.