Unemployment of Punjab

Creating new jobs is a crucial task and plays an important role in the economy. Drop in the financial market hits job market and creates unemployment. India has the largest population of youth in the world with about 66% of the population under the age of 35, so impact of declining financial market is the worst in India. Though education level in the recent years has increased but skill development is still a crucial issue. Moreover, poverty, limited access to skill based education, work experience are some of the major factors that lead to unemployment. Punjab state, despite being one of the advanced states of India, has emerged as an area with high degree of unemployment, particularly among educated youth. The alarming state of unemployment in Punjab has been projected and noted at the national level by the Planning Commission of India and at the state level by the Punjab government. The solution of unemployment problem in any country/region necessitates extremely judicious planning of the underlying development process. In this paper discus the causes of unemployment and suggestion for reduce to unemployment.