Paper Details

India is renowned for having the youngest population in the worldwith 27.5% of its population being youth between the age of 15 to 29. Youth who participate in gainful jobs have the ability to alter the course of the nation. The part of the population who are competent and wanting to work and yet are unemployed is referred to as being unemployed. In India, unemployment is a chronic issue that has serious social and economic repercussions. The causes of India's high rate of unemployment are numerous and intricate. The dearth of work opportunities in the nation has been one of the main causes.The objective of this study is to understand the current employment challenges prevailing in India and causes and probable solutions to it. The necessary actions are being taken by the Central and state governments to address this issue. The creation of jobs has increased as a result of the recent FDI inflow and the entry of several MNCs into India's industrial landscape. It is anticipated that in the future, the unemployment rate in India will continue to decline. According to the survey appeared in The Hindu, (Mumbai Ed.) 26th March 2024, the high rate of youth unemployment, particularly among those with higher education, reflects the dearth of good job possibilities. Many young people with advanced degrees would prefer to wait in the hopes of finding better work in the future rather than accept the low-paying, unstable positions that are currently accessible. Artificial Intelligence has advanced recently in India, which will impact the circumstances of the Indian employment market. In this regard, the author holds the thoughtful opinion that while any innovation has an immediate impact, the labour market eventually adapts to the new circumstances.

Unemployment, Indian Economy, Self-employment, skill development, Start-Ups, Make in India, Artificial Intelligence.