Unemployment is a serious problem of India. It is becoming more and more serious day by day. India has the population of about 1.20 billion. Many of the Indians are jobless. The problem of unemployment is rising fast. Every able bodied man and woman must get employment. If not, the problem of unemployment will create difficulties for the development of the country.
Many age-old businesses that are not able to cope-up with the changing demand and economic scenario are either closed down or heavy retrenchment takes place in them. When there is slump in business, many people find themselves without jobs.
Though a number of young men have been absorbed in the Information Technology businesses, a large number of youth people are still unemployed.