Unemployment: An obstacle in the country's economic growth






The world economy is facing major problems.One of the most important problems include unemployment and poverty.

Financial crisis caused by unemployment leads to an overall purchasing power, resulting in poverty followed by an increasing burden of debt.

In India, the problems of underemployment, unemployment and poverty have always been the main hindrances to economic development.

Another colossal problem is the large population.

A critical aspect is the regional disparity.

Mass migration from rural to urban regions is adding to the problems of unemployment and poverty.

Economic reforms, changes in the industrial policy and better utilization of available resources will reduce the problem.

The government must intitate long term measures for poverty alleviation.

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