In 2023, the estimated youth unemployment rate in India was at 15.67 percent. According to the source, the data are ILO estimates. For the past decade, India’s youth unemployment rate has been hovering around the 22 percent mark. What is the youth unemployment rate?The youth unemployment rate refers to those in the workforce who are aged 15 to 24 years and without a job, but actively seeking one. Generally, youth unemployment rates are higher than the adult unemployment rates, and India is no exception: youth unemployment in India is significantly higher than the national unemployment rate. The Indian workforce, young and oldIndia’s unemployment rate in general is not remarkably high when compared to those of other countries. Both India’s unemployment rate and youth unemployment rate are below their global equivalents. In a comparison of the Asia-Pacific region countries, India ranks somewhere in the middle, with Cambodia’s unemployment rate being estimated to be below one percent, and Afghanistan’s the highest at 8.8 percent.

The statistic shows the unemployment rate in India from 1999 to 2023. In 2023, the unemployment rate in India was estimated to be 4.17 percent. India's economy in comparison to other BRIC states India possesses one of the fastest-growing economies in the world and as a result, India is recognized as one of the G-20 major economies as well as a member of the BRIC countries, an association that is made up of rapidly growing economies. As well as India, three other countries, namely Brazil, Russia and China, are BRIC members. India’s manufacturing industry plays a large part in the development of its economy; however its services industry is the most significant economical factor. The majority of the population of India works in this sector. India’s notable economic boost can be attributed to significant gains over the past decade in regards to the efficiency of the production of goods as well as maintaining relatively low debt, particularly when compared to the total amount earned from goods and services produced throughout the years. When considering individual development as a country, India progressed significantly over the years. However, in comparison to the other emerging countries in the BRIC group, India’s progress was rather minimal. While China experienced the most apparent growth, India’s efficiency and productivity remained somewhat stagnant over the course of 3 or 4 years. India also reported a rather large trade deficit over the past decade, implying that its total imports exceeded its total amount of exports, essentially forcing the country to borrow money in order to finance the nation. Most economists consider trade deficits a negative factor, especially in the long run and for developing or emerging countries.

As of May 2022, the unemployment rate in India was recorded at nearly seven percent, a decrease from the previous month. While the unemployment rate had significantly declined over the course of 2021 since having peaked in April 2020, the breakout of new coronavirus variants coupled with recurring lockdowns resulted in a fluctuating trend of unemployment gripping the nation.

The trickle-down effect

Between February and April 2020, the share of households that experienced a fall in income shot up to nearly 46 percent. Inflation rates on goods and services including food products and fuel were expected to rise later this year. Social distancing resulted in job losses, specifically those within Indian society’s lower economic strata. Several households terminated domestic help services – essentially an unorganized monthly-paying job. Most Indians spent a large amount of time engaging in household chores themselves, making it the most widely practiced lockdown activity.

Aid from the Pradhan Mantri Garib Kalyan Yojana

The most devastating impact of the virus and the lockdown had been on the economically backward classes, with limited access to proper healthcare and other resources. As a result the government launched various programs and campaigns to help sustain such households. Under the Pradhan Mantri Garib Kalyan Yojana, 312 billion Indian rupees were accrued and provided to around 331 million beneficiaries that included women, construction workers, farmers, and senior citizens. More aid was announced in mid-May, to mainly support small businesses through the crisis.

Employment: Haryana data was reported at 750.000 Person th in 2012. This records an increase from the previous number of 715.000 Person th for 2011. Employment: Haryana data is updated yearly, averaging 667.000 Person th from Mar 2001 (Median) to 2012, with 9 observations. The data reached an all-time high of 750.000 Person th in 2012 and a record low of 647.900 Person th in 2005. Employment: Haryana data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Labour Market – Table IN.GBA054: Employment: by States (Discontinued).

This dataset provides values for UNEMPLOYMENT RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Employment: West Bengal data was reported at 1,922.000 Person th in 2012. This records an increase from the previous number of 1,814.000 Person th for 2011. Employment: West Bengal data is updated yearly, averaging 1,938.000 Person th from Mar 2001 (Median) to 2012, with 9 observations. The data reached an all-time high of 2,324.800 Person th in 2001 and a record low of 1,814.000 Person th in 2011. Employment: West Bengal data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under India Premium Database’s Labour Market – Table IN.GBA054: Employment: by States (Discontinued).