Content area

Full Text

ABSTRACT

Despite the current global economic crisis, the Indian Economy according to the data published by the Government of India and various economic research agencies highlighting that it's GDP growth rate is not affected to a great extent, so the employment level also. But in spite of this the unemployment level among the educated youth is on steady rise, though the Government both at the Centre and State have taken various steps to generate employment. According to Indian Labour Bureau data, "New jobs in eight labour intensive industries fill to a six year low in the first nine months of 2015. This article intense to analyze how far the global economic crises increased unemployment level among the various segments of the society, especially the educated one, and how this can be tackled with the support various innovative programmes launched by the current Union Government, both in rural and urban areas.

Keywords: Per Capita Income (PCI), Per Capita National and State Domestic Product (PCNSDP), Usual Principal Subsidiary Status (UPSS), Current Weekly Status( CWS), Profession and Executive Employment Office (PEEO), Ministry of Labour and Employment (MLE).

INTRODUCTION

In the post reform period, India's economic growth has improved significantly and placed India as one of the fastest growing economics in the World. This situation was applicable to Tamil Nadu also. Apart from other social problems like poverty, health care and education, the problem of unemployment is also addressed in a serious manner. The increasing population, the active age group in particular, pressurized the policy framers to design suitable methods to absorb the new entrants, giving importance to the weaker sections like females and youths particularly to the educated, jobless growth became a key concern for the Tenth plan period against the backdrop of the Survey results of NSS 55th Round on 'Employment and Unemployment, 1999-2000', which indicated a very low growth of employment (0.98%) compared to that of 1993-94 (2.04%), at the All India level. Similarly, the employment growth rate in the State also had a deceleration form 1.74 percent in 1993-94 percent in 1999-2000. The Tenth Five Year Plan set a target of creating 50 million new employment opportunities on a current daily status basis at the national level. The result of the 61st round of NSS...

Show less