2019 Unemployment is the outcome of the failure of the Indian government on economic forefront and US-China trade war

Unemployed Youth

Unemployment describes a state of strained opportunities for money-making, thus maintaining one's livelihood hard and tough. Indian unemployment as a whole, combines the lagging opportunities both in public sector and private sector, in a manner, we can understand it in terms of the government opportunities and the private company's opportunities. Jobs of construction, IT, consumer goods, transport, banking, insurance, retail and much more constitute 99% of the total employment opportunity of India.

Causes of unemployment

Demonetization – Demonetization has a long-time effect on the Indian economy. Many industries have shut down or waiting to be shut down. No one can deny this fact that the government was not prepared for such a big decision. The entire system has been crying till today.

GST- GST is nothing but to bring each one under the umbrella of taxation. Earlier most of the transactions took place without an invoice. Transport, Hotels, Restaurants, Medical Bills and many more services didn’t imply the taxation system. It was not overlooked by earlier governments rather subsidies in the favor of the poor Indians. GST is an imposition on Indian people and a mean for churning government revenue.   

Higher fuel prices- Higher fuel prices is yet another instigator of unemployment. It reduces the output and makes people learn for cost-cutting resulting in higher unemployment percentages.

The government is watching bioscope- While the economy has been declining, industries are facing tremendous pressure, and the government is just watching it and not intervening. Moreover, for good health, it is deviating public attention to less important issues.

Real estate sector smashed up- The real estate sector has been showing negative trends and struggling for its existence. The buyers have no money to purchase while oversupply is in. 

Uncertainty- Rocking scams and bankruptcy of Indian corporates are feeling the fear factor in the public domain. People think 100 times before a new venture. They are hyper cost-conscious nowadays.

Dog fight in politics- Today, politics is no more a public welfare practice. Politics is associated with career, power, and position. In recent days, we have witnessed that politicos are not worried about being abusive. They keep aside peoples hope and invent new spider waves for each other. In their war, public welfare has been overlooked completely.

US-China trade war- The impact of slow down and shrinking jobs are also attributed to US-China trade war. The world's largest economies are on the brink of economic warfare. This severely impacts the demand and supply chain. The money market is facing tough times too. 

While thinking as an unemployed perspective, undoubtedly, India is undergoing a radical employment condition. Most of our newcomers & experienced professional as well as labor force are under great pressure to get and save a job. There is a strange climate in and around the national canvass built up where chances of uncertainty mounted and the employment creators kept on silence. A positive move, an active engine, the fullness have wiped out and an emptiness, a gap, a loneliness have turned up. Unanimously, it is said that a stable and insightful regulatory authority which is none other than the government is the catalyst of a nation's economic appetite where lies the GDP, growth rate, sectoral growth, inflation, employment, and overall development.

Witnessing the post- 2014 economic framework of the Indian government, it has been observed that the government has focused on certain policies to equip the masses to uplift them. Some lip-loving initiatives are Jandhan Yojna, rail travel insurance, cooking gas, and rural electrification, Aadhar, etc. We should not indulge in the success or failure of these schemes but in the meantime, employment overlooked altogether. The government altered its direction and opted for the second important priority over the first one. It was well explained that the population had been growing by leaps and bounds burdening the governments to impart on skills so that they could match the specific requirement. Similarly, it was the government's response to driving the industrial growth to create max jobs, but they didn't. Likewise, attracting real and longtime foreign investment by creating an environment should be the focus but they went for something else.

In this regard, it is unfair not to discuss Demonetization and GST. As I perceived demo & GST was the order of the time if these were done properly but without doing proper research we implemented it like a Lehman. As soon as demo launched, the life of the nation changed its course. Small, medium and big, individuals to enterprises rushed to banks and looked for options to convert black money into white. Work stopped or at least severely jolted. Everybody indulged in speculations irrespective of maintaining the pace of the life, the output stumbled heavily resulting in job loss and shut down. The second shot was GST implementation; it was as if someone beating a beaten. The entire system was being squeaked, and people became clueless. Many were shut down operations fostering unemployment more severe and deadly. Still, our government is fine and winning elections.

In the nutshell, the unemployment condition in India is abundantly clamping and turned deadly. It’s not merely the world economic scenario which is improving day by day but our priorities also where instigators to employment are being suppressed. If the government will not sufficiently take care of it, it will become a rough road for this country.

Tired and Frustrated