Unemployment Rate in India is at its Lowest Level in 6 Years

Unemployment Rate in India is at its Lowest Level in 6 Years

Prime Minister Narendra Modi on October 12 said that the unemployment rate in the country is at its lowest level in the last six years. In a video message to the Kaushal Deekshant Samaroh of the Ministry of Skill Development and Entrepreneurship, the Prime Minister noted that new possibilities are being created for the youth as India’s economy is expanding.

“The unemployment is decreasing rapidly in both rural and urban areas of India. It means the benefits of development are reaching both villages and cities equally, and as a result, new opportunities are increasing equally in both villages and cities,” he said.

PM Modi underlined the government’s focus on skill development as a reason for low unemployment. “Our government understood the importance of skill and created a separate ministry for it and allocated a separate budget,” he said.

In his address, the leader noted the importance of skilling, upskilling and re-skilling, rapidly changing demands and nature of jobs, and the need to upgrade the skills accordingly. He also informed that about 5,000 new ITIs (Industrial Training Institutes) have been set up in the country in the last 9 years and added more than 4 lakh new seats. These institutes are being upgraded as model ITIs to provide efficient and high-quality training with best practices.

The Prime Minister also pointed out the unprecedented increase in the participation of women in India’s workforce.