Address unemployment
The rise in the unemployment rate in the country, from 7.6% in March to 7.83% in April, as in the Centre for Monitoring Indian Economy Pvt. Ltd.’s reports, is a matter of concern. While unemployment rates in rural areas have reportedly fallen, the urban unemployment rate jumping to 9.22% in April from 8.28% in March does not reflect a satisfactory economic situation. With steadily rising retail inflation propelled mainly by increased fuel prices, consumer demand too has apparently slumped. The time has perhaps come for the Government to hold serious talks with industry on the rather grim unemployment situation, with special emphasis on how the private sector can help provide more employment. The Central and State governments also need to take the necessary steps to fill up vacancies reported in various government departments.
A. Mohan,
