The main causes of unemployment in India are a rapidly growing population and limited land. This country had a population of 1.21 billion people by the end of 2011 and is expected to be the most populous country by 2025, overtaking China, which had a population of 1.3 billion people as of July of 2014.Know More
India's main economic activity is agriculture, which provides most of the employment opportunities. However, as the population increases, land resources are overexploited, rendering a majority of the population jobless. Agriculture in the country is also seasonal which means most of the people that find work eventually lose it when the agricultural season elapses.
Other causes of unemployment include:
Several regions in India receive regular snow every year. As large swaths of the country are mountainous at high altitudes, India hosts a vibrant array of winter-weather destinations, according to Visit India.Full Answer >
Unemployment compensation can be extended by an additional 53 weeks for Emergency Unemployment Compensation and an additional 20 weeks for the Federal-State Extended Duration program, reports the State of California. These benefits are applicable to all states as they deal with federal law.Full Answer >
Ways of solving the unemployment crisis are many, and some of them include reducing the benefits of the unemployed, increasing the work benefits, getting rid of the minimum wage and encouraging those who are not employed to take any job. Germany adopted this kind of approach to solve the unemployment crisis in the country, and the rate of unemployment drastically dropped.Full Answer >
State unemployment tax rates vary from state to state. Most states use a payroll tax structure involving three rate types: one for new businesses, a discounted rate for established businesses, and a premium rate, according to the Houston Chronicle. A state's labor department can help calculate the rate.Full Answer >