Unemployment in India

♤ ILO report "World Employment and Social Outlook Trends - 2018": The number of unemployed persons in India is expected to rise from 18.3 million in 2017 to 18.6 million in 2018 and 18.9 million by 2019. At the same time, the unemployment rate is expected to remain static at 3.5 per cent.

♤ The World Bank in its comprehensive report on India’s economy opines that India needs to create a lot of salaried jobs (formal jobs) to meet the working population demands and step up its growth to a middle-income country.

♤ About 65 percent of the population in the country has an average age of less than 35 years. A large section of unemployed within this can become a demographic burden for India.