Meshram Roshan Dadaji and Dr. Zeenat Khan

Abstract:
Unemployment in India is rising with great speed. Creating new jobs is a crucial task and plays an important role in the economy. Drop in the financial market hits job market and creates unemployment. India has the largest population of youth in the world with about 66% of the population under the age of 35, so impact of declining financial market is the worst in India. Though education level in the recent years has increased but skill development is still a crucial issue. Moreover, poverty, limited access to skill based education, work experience are some of the major factors that lead to unemployment and underemployment. During recession, job freezing is the most common occurrence done by hiring companies. Under such circumstances there is a greater degree of unemployment. This paper attempts to find out the causes of unemployment and the strategies to be adopted by Government of India to reduce the Unemployment.