Prevalence of chronic unemployment and underemployment

[abhishreshthaa]

In India labour is an abundant factor and, consequently, it is very difficult to provide gainful employment to the entire working population.


In developed countries, unemployment is of a cyclical nature and occurs due to lack of effective demand. In India unemployment is structural and is the result of a deficiency of capital.


The Indian economy does not find sufficient capital to expand its industries to such an capacity that the entire labour force is absorbed.

 

[jiten005]

In India labour is an abundant factor and, consequently, it is very difficult to provide gainful employment to the entire working population.


In developed countries, unemployment is of a cyclical nature and occurs due to lack of effective demand. In India unemployment is structural and is the result of a deficiency of capital.


The Indian economy does not find sufficient capital to expand its industries to such an capacity that the entire labour force is absorbed.

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