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Bloomberg
India’s unemployment rate has doubled in the eight years to 2018 with the higher educated and younger population accounting for the most without jobs, a new research by a privately run university shows.
After remaining at about 2 to 3 percent during the decade to 2011, the unemployment rate in India has increased to more than 6 percent in last year, a report by the nation’s Azim Premji University on its site shows. The numbers “clearly demonstrate why unemployment has emerged as the primary economic issue†in the federal elections, researchers led by Amit Basole said.
PM Narendra Modi, who is seeking a reelection, has been criticised by the opposition for not fulfilling his promise of creating 10 million jobs each year — a promise that won him the hearts of India’s youth in the 2014 election. Better employment opportunities is the top priority of voters in the world’s fastest growing major economy, according to a survey by Association for Democratic Reforms, an election watchdog.