Unemployment Trends in India

Essay # 64803

Asian Studies
Economics > Labor
Labor Studies

Examines the unemployment history in India over the last two decades.

2,709 words () | 9 sources | APA | 2006 India

Paper Summary:

This paper examines the pattern of unemployment in India for the last 20 years. It uses various sources to examine some controversial issues relating to this subject. It shows, for example, that despite economic reforms, unemployment rates increased in the last two decades. By looking at various demographic, economic and social indicators, the paper explains the variation in unemployment rates. It uses data from NSSO surveys, Economic Survey 2005-06 and the Census data. The paper includes tables.

From the Paper:

"Rural India, where most of the population resides, benefited enormously with high wage growth and declining unemployment rates. In the early nineties, the Indian economy ran into a balance of payments crisis and major economic reforms were instituted in the short span of two years 1991-1993. The reforms were primarily oriented towards industry and external trade. They led to an accelerated growth for a few years, particularly from 1994-95 to 1997-98 when GDP grew at 7%. However, besides these three years, growth acceleration was invisible and GDP growth for the eleven years following the reforms (1992-93 to 2002-03) was exactly the same as it was ten years prior (5.7% p.a.)."