Navigating unemployment challenges: Insights and strategies
Hindustan TimesUnemployment remains one of the most pervasive and multifaceted issues plaguing India's socio-economic landscape. Structural bottlenecks and informal economy dominance: India's economic structure, characterised by a large informal sector and bureaucratic red tape, stifles formal job creation. Flexible labour regulations can encourage formal employment, attract investment, and promote job creation, while ensuring adequate social protection for workers. Promoting export-oriented industries and global integration: Encouraging export-oriented industries through export promotion schemes, trade facilitation measures, and skill development initiatives can bolster manufacturing activity and create job opportunities. By implementing targeted interventions such as education reforms, entrepreneurship promotion, infrastructure development, and labour market reforms, India can unlock its vast potential and chart a path towards prosperity for all its citizens.