Topic Details (Notes format)

Unemployment in India

Subject: Economics

Book: Comprehensive Indian Economy

India faces structural unemployment, disguised unemployment in agriculture, and frictional unemployment during transitions. Urban areas show rising educated unemployment, while the informal sector is large. Schemes such as Skill India, Start-Up India, and apprenticeship reforms aim to match labor market needs. Understanding labor force participation rates and disguised unemployment’s prevalence helps interpret official data. For exams, link how macro policies—like industrial corridors, manufacturing thrusts—seek to create better job opportunities. Also discuss how technology-induced disruptions can displace low-skilled labor, emphasizing the need for continuous re-skilling.

Practice Questions

What is the primary function of the International Monetary Fund (IMF)?

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Which of the following is a direct tax?

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What is meant by “monetary policy”?

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Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

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Which of the following is NOT part of the World Bank Group?

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What is “fiscal stimulus”?

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What is the meaning of “supply-side economics”?

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Which economic concept is described as “the next best alternative foregone”?

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Which of the following is NOT an example of an indirect tax?

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What is “CRR” in banking terminology?

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