What initiatives has the Indian government taken to address the issue of unemployment
India's unemployment rate is reportedly at its lowest level in six years
The Indian government has undertaken various initiatives to address the issue of unemployment in the country. Some significant steps include:
- Make in India: This initiative aims to promote manufacturing and increase job opportunities by attracting foreign investments and encouraging the growth of domestic industries.
- Skill India: This program focuses on skill development and vocational training to enhance employability and bridge the gap between industry requirements and available workforce.
- Startup India: The government initiated this campaign to promote entrepreneurship and support startups with incentives and measures, fostering innovation and job creation.
- Pradhan Mantri Rojgar Protsahan Yojana (PMRPY): This scheme provides financial incentives to employers for generating new employment, aiming to boost job creation in the formal sector.
- Public Sector Expansion: The government has been investing in infrastructure projects, such as highways and railways, creating job opportunities through the expansion of the public sector.
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