indian economy

At present about 75% of Indian population lives in rural areas and most of them depend on primary economic activities in general and agriculture and related economic activities in particular for livelihood. The new economic policy is mostly responsible for considerable number of population shifting to the tertiary and secondary sectors. Disguised unemployment and seasonal unemployment are the characteristic features in Indian agriculture. Successive governments have been making good efforts to encourage entrepreneurs to establish manufacturing industries, services, etc in backward and rural areas to reduce unemployment rate. Unemployment among the educated and rural uneducated are some of the other characteristics of employment scenario. This is due to the fact that supply far exceeds the demand. Every year many universities do produce graduates and post graduates but such educated have to wait for many years for a satisfactory employment, thus under employment too is a chara...