Phase IFoundation
Background
Overview
Unemployment is a persistent socio-economic challenge in India, impacting poverty, inequality, and human resource development. UPSC examines its causes, types, measurement, government policies to address it, and its implications for economic growth and social stability.
Unemployment refers to a situation where individuals who are willing and able to work at the prevailing wage rate are unable to find suitable employment. It is a critical macroeconomic indicator reflecting the health of an economy and has significant social implications, often stemming from a complex interplay of factors beyond just education.