Why are jobs reduced every year in India?

Updated on : January 20, 2022 by Joel Wood



Why are jobs reduced every year in India?

Jobs in India are one of the most prevalent problems in today's scenario and competition in India is diminishing very rapidly. There are some jobs, such as construction, that increased more than a decade ago: 17 million in 1999-2000; 50.3 million in 2011-12. These kinds of jobs became a bigger part of the jobs pie, but now the situation is completely different and India is in a place where all the other factors that can help boost the economy are also working against it. India.

This reduction in jobs can be summarized as follows:

  1. The demonetization dealt a severe blow to construction and
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Jobs in India are one of the most prevalent problems in today's scenario and competition in India is diminishing very rapidly. There are some jobs, such as construction, that increased more than a decade ago: 17 million in 1999-2000; 50.3 million in 2011-12. These kinds of jobs became a bigger part of the jobs pie, but now the situation is completely different and India is in a place where all the other factors that can help boost the economy are also working against it. India.

This reduction in jobs can be summarized as follows:

  1. The demonetization dealt a severe blow to construction and the real estate sector, affecting the number and pace of projects.
  2. There is no competition in the Indian market and many job seekers do not have the opportunity to show their skills.
  3. Most of the jobs in India have no job security. Even if some people are working some kind of construction job, they are unaware of their future job because they may not be able to get it due to the availability of people who can provide the same job for low wages.
  4. There are a lot of unskilled workers who are working in our country and they are limited only to unskilled jobs. This is where initiatives such as 'Make In India' would have been worked on
  5. The Indian economy continues to slide downward, GDP steadily declining from 8.2% in 2018-19 to 5.8% in the last quarter. This type of data has a great effect on the minds of investors. That is the main reason why many public sector works go unattended.
  6. India's long-term prospects are also threatened by this problem. India is committed to becoming a $ 5 trillion economy by 2024, so this remains a major hurdle in our country's future goals.

Generally, the maximum jobs in India are created in sectors such as manufacturing, steel, mining, construction, agriculture and allied industries, where manual workers are employed.

Let us now analyze the performance of these sectors in recent years in terms of GDP growth. The contribution of most of these sectors to India's GDP was either stable or had negative growth, which had an impact on job creation.

There is no single reason for this trend, as each sector has its own problems. IMHO, I believe that industrial automation, global steel surplus due to reduced steel consumption by China, incr

Keep reading

Generally, the maximum jobs in India are created in sectors such as manufacturing, steel, mining, construction, agriculture and allied industries, where manual workers are employed.

Let us now analyze the performance of these sectors in recent years in terms of GDP growth. The contribution of most of these sectors to India's GDP was either stable or had negative growth, which had an impact on job creation.

There is no single reason for this trend, as each sector has its own problems. IMHO, I think that industrial automation, global steel glut due to reduced steel consumption by China, increased use of agricultural equipment replacing labor, real estate market downturn due to the scenario global economy and, finally, the lack of political support and timely government intervention. .

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