JOBLESSNESS: INDIA’S TICKING TIME BOMB

| May 26, 2020

 

Even before the lockdown was announced, unemployment was at 6.1%, a 45 year high. Since then it has mushroomed to over 24%! CMIE data shows over 12 crore Indians across all sectors have lost their jobs, more than US & Europe did during the Great Depression. India is one of the youngest countries in the world and yet we do not seem to be capitalising our demographic dividend. Something needs to be done before this ticking time bomb explodes and becomes a demographic disaster.