Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
4. Disguised unemployment exists frequently in developing countries whose large populations create a surplus in the labour force. It can lead to decline in overall productivity without any substantial increase in the output. Elaborate. (250 words)
Difficulty level: Moderate
Reference: Live Mint , Insights on India
Why the question:
About a fortnight ago, the American job site Ziprecuiter.com published the findings of its latest survey of college graduates who intend to look for a new job in the next six months. A key question in the study probed whether respondents regretted the specializations they had chosen in college.
Key Demand of the question:
To write about disguised unemployment and steps needed to overcome it.
Directive word:
Elaborate – Give a detailed account as to how and why it occurred, or what is the context. You must be defining key terms wherever appropriate and substantiate with relevant associated facts.
Structure of the answer:
Introduction:
Begin by defining disguised unemployment. Give an example to substantiate.
Body:
First, mention the impact of disguised unemployment on the Indian economy –does not affect aggregate economic output, productivity is low and too many workers are filling too few jobs etc.
Next, suggest measures to overcome disguised unemployment – creating additional employment with proper wages, security of tenure and social protection, upskilling and reskilling of labor force etc.
Conclusion:
Conclude by writing a way forward.
