Recession in the West, specially the United States, is a very bad news for our country. US is our biggest trading partner in goods and services.The Recession in US will adversely impact the outsourcing industry which now employs nearly 2 million educated persons and which has provided a Philip to urbanisation of India.The outsourcing revenues will take a hit and hence the balance of payments of goods and services.
There will be steep decline in the inward remittances from the Non resident Indians. This has been a critical source of funding the deficit by the government.
Main reason is war
With one day war country goes one year back
Dollars is fight war more than ten years
Do we know actual value of dollar
How it hit india and rest of world because we are trying to maintain the dollar.
If we go back in history we will see after 2nd world war many currency was burned and when I
Some effects are:
1. Reduced GDP
2. Stock Market crash
3. Unemployment
4. Reduced imports
5. Reduced tourism
6. High inflation
etc...
The unemployment rate in India in 1991 was approximately 3.4%.
Unemployment
Educated unemployment is mostly found in INDIA. This unemployment is because of high population rate.
India's rate of unemployment was 7.2% according to the Related Link below (report as of 11/26/09)
The three types of unemployment found in India are structural unemployment, cyclical unemployment, and frictional unemployment. Structural unemployment refers to a mismatch between the skills possessed by job seekers and the requirements of available jobs. Cyclical unemployment occurs due to fluctuations in the economy, leading to reduced demand for labor. Frictional unemployment is a temporary phase when individuals are in-between jobs or searching for new employment opportunities.
Malnutrition and unemployment are some of the effects of the said topic.
india
The current unemployment rate in India is around 8% as per CMIE. However, the ground reality is that the actual unemployment may be much more than what is shown in the report.
effects the economy, brings poverty, homelessness, and hunger.
examine the causes of unemployment
Currently the unemployment rate in India is 7.20%. As you probably know the rate keeps on changing so we keep an update. currently it is 10.70%
== == Unemployment.