India desperately needs to solve its unemployment crisis to kickstart the economy, which is officially in recession. The country’s largest private-sector employer, Quess Corp, suggests a three-pronged approach to solve the problem.
A staggering 122 million people became unemployed in April, as a result of the coronavirus induced lockdown, with joblessness rate shooting up as high as 23.5 per cent (according to private research firm Centre for Monitoring Indian Economy). With things slowly limping back to some sort of normalcy even as COVID-19 lingers on, the unemployment rate continues to be a concern. India’s overall unemployment rate increased significantly to nearly 10 per cent in the week ended December 13, after showing some signs of recovery in the last few months, when it hovered around 6-8 per cent.