ROZGAR MELA AND UNEMPLOYMENT IN INDIA

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Rozgar Mela and Unemployment in India

• GS3 Economy

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Introduction

• Prime Minister Narendra Modi issued appointment
  letters through video conferencing on Monday to
  new recruits joining as a result of the Rozgar
  Mela (Employment Fair).

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Rozgar Mela

• An expedited approach to connect job seekers with
  employers.
• Brings together multiple employers and job
  seekers to apply and interview for positions.
• Aim of the Rozgar Mela is to
• accelerate employment growth,
• offer significant opportunities for youth
  empowerment,
• encourage their active engagement in national
  development.

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Defining Unemployment

• Unemployment rate is the proportion of
  individuals without jobs within the labor force.
• The labor force those who provide or express
  willingness to provide labor for economic
  activities, covering both employed and unemployed
  individuals.
• As per the Periodic Labour Force Survey (PFLS)
  2017-18, In India,
• 6.1 unemployment rate
• 17.8 of youth aged 15-29 facing unemployment

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Reasons of Unemployment

• Jobless Growth
• Slow Manufacturing sector growth
• Skill Mismatch
• Informal Sector Dominance

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Way Forward

• Shift to Enabling Environment
• Elevate Manufacturing Sector
• Revise Industrial Policy
• Human Capital Investment