One significant word that seems to be missing from the majority of debate and
discussion topics regarding current economic issues theses days is the word
“employment”. Unemployment has become a major economic issue in India. With
many losing their jobs, and many not given the opportunity to obtain a job, India’s
unemployment rate had increases to 7.8 %( 2006 est.). With 1,129,866,154 (July 2007
est.) people living in India, 25% are below the poverty line. As apposed to Canada,
unemployment rates have decreased to 6.4% (2006 est.) with 15.9% in poverty. A
challenge that South Asia faces with employment is, the amount of people in the area
and those who are in the working age group. “South Asia is a hugely populated … 60
per cent of whom are in the working-age group” (Shehazd, 2004). It also becomes
very difficult for countries with those given less opportunity to gain knowledge, a lack
of education. Various numbers of jobs require a higher level of education to ensure
many requirements and concerns such as safety in a workplace, as well as beneficial
circumstances in saving resources. “one-third of South Asia is in poverty; and, about
half of the population — in four large countries — is illiterate.”(Shehazd, 2004). India
consists of a large population, it may come to mind that those whom may be
unemployed should resort to jobs in the agriculture field, but the main problem
towards this commitment is the lack of investment and low productivity dedicated to
agriculture since the Green Revolution. “agriculture is the predominant employer, …
investment and low productivity since the Green Revolution during the 1960s”
(Shehazd, 2004). In order to improve employment rates in India, necessary actions
need to be implemented which comprise of attracting foreign businesses, opening new
manufacturing plants, and eliminating cultural barriers.
One way to...