Rozgar Mela
- The Rozgar Mela serves as an expedited approach to connect job seekers with employers. This event brings together multiple employers and job seekers to apply and interview for positions.
- The aim of the Rozgar Mela is to accelerate employment growth, offer significant opportunities for youth empowerment, and encourage their active engagement in national development.
Defining Unemployment
- The unemployment rate is the proportion of individuals without jobs within the labor force.
- The labor force encompasses those who provide or express willingness to provide labor for economic activities, covering both employed and unemployed individuals.
- As per the Periodic Labour Force Survey (PFLS) 2017-18, India’s labor force exhibited a 6.1% unemployment rate, with 17.8% of youth aged 15-29 facing unemployment.
Reasons of Unemployment
- Jobless Growth: A country’s GDP can increase without significant job creation or even with job losses. While GDP growth is necessary for job creation, it’s not enough.
- Slow Manufacturing sector growth: India’s growth relies on the service sector, which is less labor-intensive than manufacturing. The manufacturing phase has provided limited well-paid jobs, especially for those with lower education and skills.
- Skill Mismatch: There’s often a mismatch between the skills possessed by job seekers and the skills demanded by available job opportunities. This discrepancy results in unemployment even when there are vacancies.
- Informal Sector Dominance: A significant portion of India’s economy operates in the informal sector, which often lacks stable jobs and social security benefits, leading to underemployment and insecurity.
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