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PROJECT REPORT
BY:
1. KIRAN KUMAR RM(16MIS0470)
2. VAMSI DAS (17BCE0464)
3. MOHAN REPLA (17BEC0192)
4. SUMANT N (17BCE0401)
5. NIMISHA BHATIA (17BCB0020)
6. SRUTI S SINGH (17BCB0137)
7. GP SHIVA RAMA KRISHNA (16MIS0123)
8. DEEPANSHU SHAH (17BEE0184)
9. RAJAT CHIKKARA (17BEE0301)
ACKNOWLEDGEMENT
INTRODUCTION
Sir William Beveridge says about unemployment “Jobs, rather than men, should
wait.” Lord Keynes diagnosed unemployment in advanced economies to be the
result of a deficiency of effective demand. Unemployment means a person willing
to work but unable to find a qualified job.
Our country is facing many problems but one of the serious problems is of
unemployment. Many graduates, doctors, engineers, scientist are unemployed or
working underemployed. Due to unemployment we are wasting our country’s
human resource. If the problem of unemployment is solved, it will help in the
development of the country. With population of over 1.20 billion in our country, the
unemployment rate is increasing day by day. The problem of unemployment is
rising but still many industries are facing the problem of skilled candidate for their
company.
CURRENT SITUATION OF YOUTH
UNEMPLOYMENT
Almost 28 million youngsters, between 19-29 years of age, are unemployed in
India.
If we include people with salary less then 6000 per month then the number rises
to 48 million.
65% of the population in India is less than 35 years of age, hence the figures are
increasing rapidly.
In a developing country like India, unemployment among youth can cause a
major setback to its development rate.
The questions included in the survey are given in the annexure of this report along
with the statistical results of the survey.
Summarising the responses of our survey, we found that a majority of 90% students
considered a major threat to the economy of India. Regarding what are the issues
faced by youth looking for employment, students felt gap between practical skills
and theoretical knowledge, lack of experience, and lack of opportunities were the
highest voted for causes in decresing order of votes. The least probable causes were
gender and age.
49.3% students felt that overpopulation is the leading cause of unemployment
followed by lack of techinical qualifications at 17.1% and 14.3% students felt it
was due to lack of job opportunities.
Regarding the age group most affected by unemployment 48.6% felt 18-25 age
group was affected where as 46.4% students felt it was the 25-35 years segment of
people.
43.6% rated a 4/5 on how much does unemployment affect mental health. 42.1%
rated a 5/5 on the same issue.
Discussing the affects of unemplyment on society, all our options recieved almost
equivalent responses in the range of 50-70%. The provided options were affects the
economy, poor mental health, increase in crime rates, poor family life and high
suicide rates.
https://www.researchgate.net/publication/241760522_Youth_employment_and_une
mployment_in_India
https://www.statista.com/statistics/812106/youth-unemployment-rate-in-india/
https://data.oecd.org/unemp/youth-unemployment-rate.htm
ANNEXURE
Do you believe there should be an equal minimum wage for all ages?
Yes
no
maybe
How much does unemployment affect mental health?
1-low
2
3
4
5-high