24 May 2025: The Hindu Editorial Analysis
1. The cost of unemployment, and learning from past blunders
Source – ( Page 8, The Hindu Editorial)
| Topic: GS Paper 3 (Employment, Inclusive Growth, Economy) |
| Context |
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The Unemployment Problem:
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Despite GDP growth, unemployment remains structurally high.
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Youth (15–29 years) face the worst of it—urban youth unemployment was over 20% in 2023.
Historical Context and Missed Opportunities:
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During the 2003–08 boom, India failed to invest in labour-intensive sectors and manufacturing.
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Lack of reforms in skill development and industrial policy worsened long-term prospects.
Policy Shortcomings:
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The ‘jobless growth’ model was accepted too long.
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Reliance on services sector and capital-intensive industries left millions out of the formal economy.
Way Forward:
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Prioritize employment generation through targeted public investment in MSMEs, green jobs, and construction.
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Reorient policies to boost demand and incomes, especially rural consumption.
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Avoid past mistakes by ensuring inclusive policies and social security expansion.
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Practice Question: Despite consistent GDP growth, unemployment continues to be a major challenge in India. Critically examine the structural causes and suggest viable strategies for employment-led inclusive growth. (GS2 – 250 Words – 15 Marks) |
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