The Aftermath Of Loss Of Steady Income
According to the data from the Centre for Monitoring Indian Economy –
In December, 2023, unemployment for youth aged 25-29 was the highest in almost 4 years, at 15.5%.
For youth aged 20-24, unemployment rate hit a new peak of 45.5%.
The rise in unemployment levels across different age groups is deeply grim. Just Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is not enough to check this severe joblessness among the country’s youth.
Unemployment – Definition, Types, and Causes of Unemployment
Employment and just a job –
After a certain period ,after your fundamental stint with education, after you are ready to upgrade your own way of life by being financially independent – you desperately search for a steady job with regular and sure income.
Education : A verified system to enable you in getting a earning
Our policy makers envisioned the need of a balanced education, job creation and equal opportunities to the youths of the country.
An initiative to implement the policies to establish industries, to provide appropriate skill based education to our youth to make them employable, to take care of influx of demand and supply gap and to sustain in the world level post hard-earned independence.
Policy makers in current scenario –
There are a lot of unanswered questions regarding the willpower of the current government to provide job opportunities to young people of India.
With concerning data of India surpassing China in being the largest populous country, India is lagging with about 53 million unemployed people in 2021.
The data of 1428 million population is mid-year of 2023 and the data of unemployed youth is of 2021.
Of course, unemployment is on its worst rise as there is another data of more than 2 lakh employees who lost their jobs in 2023 and it is only June of this year, the third month of this financial year.
Is that our youths are unemployable?
As a bonafide citizen of a country, young people not only need a stable job to feed themselves but this is required for the sound health of the financial and economic condition of the country too.
Policy makers will be at fault if they are slashing the education budget and then they themselves justify the high rate of unemployment to ineligibility of youth.
Lack of teachers, in fact well educated and well trained teachers are needed without whom there will not be any conclusive and inclusive result regarding the quality of students, their magnitude of knowledge and acquaintance in their expertise.
Right and duties go together –
It is the young generation’s right to demand a quality education only then they will be able to perform their duty properly.
This right-duty balance indeed will lead to a balanced social structure beside making an apt financial and economic stratum.
Data that are too debatable –
In 2022, about 1.6 lakh workers lost their jobs.
The scariest data is during the second wave of Covid-19 in 2021 when almost 10 million (100 lakh) people lost their jobs.
In 2020,the unfortunate outbreak of Covid-19 as pandemic, the Centre for Monitoring of Indian economy (CMIE) showed that around 122 million people lost their jobs within two months of the financial year.
And this is on top of a proposed promise by the NDA government in 2014 to provide 20 million jobs every year in India.
The sad reality of rebuking the poll promise –
The 20 million jobs promised every year and the first six years of ruling by the NDA government and 9 million people lost their regular jobs proving the poll promise was a mere gimmick.
JOBLESS | English meaning – Cambridge Dictionary
Disturbing data of suicides –
With a shocking data of about 3.07 lakhs people resorting to suicide in the Covid-19 years 2020 and 2021 and this was highest after 1967.
At 41 in suicide rate in world , India is sitting on a possible volcano mainly because of the lack of jobs and even more precisely lack of willingness from governments to genuinely provide jobs via fair means.
Suicide Data and Statistics – CDC
Verifying the varied kinds of unemployment written in our old books –
The hovering horrifying unemployment situations in India in recent years are results of unplanned mismanaged inhumane policies.
It is like promising a ton and then delivering a nanogram.
It is like a false ceiling over a fake ceiling just to conceal the inept policies.
It is like drifting away from the concept of a people’s government.
Normal vacancies – Where? How? When?
Normal vacancies means teachers jobs, jobs in army, navy and air forces, jobs in railways and govt enterprises, jobs in banking sectors, jobs in infrastructures, jobs in govt owned institutions – these are few to name where few years ago there were always notifications published in newspapers to be filled.
And now, there are no regular vacancies, there is nothing like a pay scale for temporary employees, and the consolidated pay is too feeble even though there are lakhs of aspiring candidates in a short call.
Harsh reality or inability of our respected policy makers –
Lack of willpower and transparency in providing jobs to millions of unemployed youths ( India recorded the worst low in unemployment as per data by CMIE.
The World Bank and World Economic Forum are issuing advisory to the Indian government but there is a total lull there.
The government claims that India’s unemployment rate will be 4.7% by 2025, but it fails to recognize that the youth are tired of its false promises for employment.
Many young people who have the potential for a better future are settling for low-paying jobs because they do not want to be listed as unemployed. This situation indicates a failure of the democratic government to provide essential services to its citizens.
Job creation | Decent Work Toolbox
Conclusion –
It is hard to conclude on a good note when you are totally aware of the worst grim situations.
Can you imagine from a fast growing economy in the world in 2011-12 to our inclusion in the list of underdeveloped economies, is it what we had dreamt of just a few years ago?
Who is going to suffer?
The answer is – every single person of our beloved country, irrespective of caste, creed, gender, community, and faith.
I don’t mean to sound skeptical, but there is a lot that a people’s government can do for the betterment of the country by creating job opportunities for its people with a keen view on the country’s economy and finance.
The new bill, the Rural Employment Guarantee Bill, Vikasit Bharat G RAM G planning, is a serious concern in this quest for the unemployment problems of youth. This bill is, in fact, formulated in such a way that youth can’t raise their voice to get a job, unlike its parent bill, MGNERGA.
My concern regarding unemployment goes beyond just the job; it is a denial from the government side, as the government itself is selling national assets to private players. Moreover, the mafia is actively involved in providing the same job to those who pay a hefty amount for it.
The Aftermath Of Loss Of Steady Income
Youth unemployment (15-29 years): 14.6% in August 2025, down slightly from 14.9% prior month.[web:14]
Overall rate: 5.1% in August, from peaks like 45.5% for ages 20-24 in late 2023.[web:14][page:0]
According to data from the Centre for Monitoring Indian Economy (CMIE), in December 2023, unemployment for youth aged 25-29 reached 15.5%, the highest in nearly 4 years. For those aged 20-24, it hit a peak of 45.5%. The rise across age groups remains grim, with MGNREGA alone insufficient against youth joblessness.[page:0]
Employment Beyond Just a Job
After education, youth seek steady income for financial independence. Policymakers envisioned balanced education, job creation, and opportunities post-independence.[page:0]
Current Policy Challenges
Questions persist on government willpower for youth jobs amid India’s 1.428 billion population. In 2021, 53 million were unemployed; over 2 lakh lost jobs by June 2023. Recent 2025 data shows overall rate at 5.1%, but youth at 14.6%.[page:0][web:14]
Are Youth Unemployable?
Stable jobs sustain individuals and the economy; slashing education budgets blames youth ineligibility.[page:0]
Lack of trained teachers hinders quality education.[page:0]
Rights and Duties
Youth demand quality education to fulfill duties, balancing society, finance, and economy.[page:0]
- 2022: 1.6 lakh workers lost jobs.[page:0]
- 2021 COVID wave: ~10 million jobs gone.[page:0]
- 2020: 122 million in two months.[page:0]
- Vs. 2014 promise: 20 million jobs/year unmet.[page:0]
Disturbing Suicide Data
3.07 lakh suicides in 2020-2021, highest since 1967; India ranks 41st globally, fueled by job scarcity.[page:0]
Types of Unemployment
Recent crises stem from mismanaged policies, far from promised growth.[page:0]
Vanishing Vacancies
- No regular notifications for govt jobs (teachers, railways, banks).
- Temporary pay too low despite high applicants.[page:0]
Policy Inability
CMIE records worst lows; World Bank/Forum advisories ignored.[page:0]
