The Tryst's video: India s Job Crisis

The amazon link to the Reviving Jobs: An Agenda for Growth. https://www.amazon.in/dp/0670092967/ref=cm_sw_r_cp_apa_i_NQK7J2MMEYZD7CS8VJYW Each one of you has come so far because of your parents, and support systems. You studied, worked hard and graduated. You interned, acquired skills and hoped to make your mark in society. Yet, lately there are few jobs. No matter how hard you try, you can’t seem to get a job. You’re questioning yourself, you feel depressed and you don’t know when it’ll end. This describes the plight of nearly every young Indian. Youth unemployment has shot up threefold since 2012. For nearly two months, the BJP government has claimed that India’s economy is on the path to a clear “V-shaped recovery”. On the eve of Republic Day, President Ram Nath Kovind also commended the economy for recovering quickly after lockdown restrictions were lifted in phases. But does this revival – often a reference to rising gross domestic product or GDP – translate into a recovery of the millions of jobs lost during the early months of the pandemic? For a country whose economy has been on a downward slope since demonetisation in 2016, India’s management of the pandemic proved to be the final nail in the coffin. According to data from the Centre for Monitoring Indian Economy, the country’s unemployment rates shot up from 8% in March 2020 to as much as 24% in April 2020 – an immediate impact of the lockdown. Instead of a clear “V-shaped” recovery, Indian joblessness has worsened in the past two months. In December 2020, unemployment rates rose to 9%, with as many as 90 lakh people losing jobs between September and December.