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Bad news for jobseekers: Unemployment in India to rise in 2017

Bad news for jobseekers: Unemployment in India to rise in 2017

 Now a UN labour report has indicated that 2017 could be a tough year for job seekers in the country as job creation in the country is stagnant, which will lead to rise in unemployment.

 

Releasing International Labour Organisation (ILO) report, the organisation said that economic growth trends lagging behind employment needs in India.

 

"Unemployment in India is projected to increase from 17.7 million last year to 17.8 million in 2017 and 18 million next year. In percentage terms, unemployment rate will remain at 3.4 per cent in 2017-18," the report said.

 

"Manufacturing growth has underpinned India's recent economic performance, which may help buffer demand for the region's commodity exporters," it added. 

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