Unemployment Levels Rising In India, Experts Say

In South Asia, labour markets continued to suffer from high rates of informal/agricultural employment where jobs are poorly paid and unprotected, ILO said in the report.

Unemployment rate in India is showing an increasing trend since 2011 when it was 3.5 percent. The same rose to 3.6 percent in 2012 and climbed to 3.7 percent last year.

This year, jobless rate is expected to rise to 3.8 percent, according to the report 'Global Employment Trends 2014'.

According to the ILO report, it has been argued that India was experiencing 'jobless growth' due to the fact that total employment grew by only 1.1 million from 2004/05 to 2009/10 (based on the National Sample Survey), representing an employment elasticity of almost zero.

However, total employment in India expanded from 2009/10 to 2011/12 by a much healthier 13.9 million, "though many of these jobs are in the informal economy," it added.
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