According to the report, this shortage of jobs is compounded by depressed wages.
NEW DELHI: The biggest new challenge facing India’s policymakers and administrators is rapidly rising unemployment, says a report released on Tuesday by the Centre for Sustainable Employment of the Azim Premji University.
"Unemployment levels have been steadily rising, and after several years of staying around 2-3%, the headline rate of unemployment reached 5% in 2015, with youth unemployment being a very high 16%," the State of Working India 2018 (SWI) report said. "This rate of unemployment is the highest seen in India in at least the last 20 years," the report added.
This shortage of jobs is compounded by depressed wages, with 82% of men and 92% of women earning less than Rs 10,000 per month.
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