Unemployment in India is rising as the population of the country is increasing at an alarming rate and the job opportunities aren’t growing at the same pace. The employment rate is quite less as compared to the population growth and this has seen more people remaining jobless. And the effect is quite visible in India, as jobs in India are diminishing the gap between the rich people and the poor is increasing and the city has been divided into two parts. One where rich people enjoy their luxury life and the other where poor people are left to die on their own. People come to this metropolitan city in search of jobs in India but return empty-handed. Finding jobs in India has become quite a tough task.

Jobs in India

International Labour Organization in its report has predicted that the total number of people without any job in India will reach the mark of 18.6 million in 2018 and could further rise to 18.8 million in 2019. The number of unemployed people in India for the year 2017 was 18.3 million. This means India will see a rise in its unemployment rate to 3.5 % in 2018. It is 0.1% higher as compared to previous estimates given by International Labour Organization.

The rate of unemployment in India will touch 3.5% for the year 2018 and 2019, it is at par with what the world experienced in the year 2016 and the year 2017. Earlier in its report for the year 2017, the ILO had projected the unemployment rate to stay at 3.4%. This increase will have a drastic effect in big cities like India where people from rural areas come in search of jobs in India.

This comes in the backdrop of Prime Minister Narendra Modi’s interview in which he rejected all the claims about unemployment and said that all these lies are being spread to defame the country’s government. He instead praised his government’s work towards employment generation. He even quoted data from a recent study which claimed that in the current financial year only, almost 7 million jobs have been created.

The ILO report stated that with updated data sets and methodologies, new predictions state that the global unemployment rate might see a decrease and reach 5.5 % in the year 2018 as compared to 5.6 % in the year 2017. Although the total number of unemployed people throughout the world will remain same.