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Showing posts with the label Unemployment

How India's Startups Are Feeding The Country's Unemployment Crisis

India is a country that is inhabited by more than 1.21 billion people, and by  2022  it is projected to replace China as the most populated nation in the world. This enormous size of its population has resulted in the difficulty of providing ample jobs to its citizens; the severity of the problem can be understood from the International Labor Organization’s (ILO) report titled  world employment social outlook , which states that the number of job seeking Indians is projected to reach 17.6 million people in 2017. Last year, the Chattisgarh Government’s Directorate of Economics and Statistics was barraged by  75,000  applicants for 30 peon jobs – a 14,000 Rupee position that involved basic tasks such as fetching tea. Amongst these queries many included requisitions from qualified engineers and management graduates. In 2011 around ten million Indians with graduate, post-graduate and technical degrees were looking for work. Unemployment rates were higher among the better qualified, a