Recent reports highlight a growing unemployment crisis among educated youth in India during Prime Minister Narendra Modi's tenure. According to the Center for Monitoring Indian Economy, India's unemployment rate stood at 7.6% in March 2024.
A joint report by the International Labour Organization and the Institute of Human Development, released in March, reveals that the proportion of unemployed youth with at least secondary education has nearly doubled from 35.2% in 2000 to 66% in 2022.
Despite the government's claim of creating 250 million jobs, many graduates struggle to find employment. For instance, 29-year-old Chandan Kumar, a degree holder, has been job-hunting for 12 years. Another youth reported giving 50 interviews in a year without securing even an entry-level position.
The unemployment issue has emerged as a significant challenge during Modi's third term, potentially affecting his voter base. Global media outlets have noted that Asia's purported third-largest economy is failing to provide jobs for its youth.
The rising unemployment rates have also been linked to an increase in suicide rates among Indian youth, though specific statistics were not provided in the source material.
