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Headline : A quarter of Indian youth are unemployed, worse than Indonesia and Bangladesh

Read more from the original article on here at qz.com.




Tags : #quarter #indian #youth #unemployed #worse #than #indonesia #bangladesh


No. of Paragraph 15

Nearly a quarter of Indians aged between 15 and 24 were jobless in 2022. Countries in the neighborhood such as Indonesia, Bangladesh, and even Bhutan, did better on this front, according to World Bank.

Unemployment has been a critical problem for India, especially since the outbreak of the covid-19 pandemic. Even this year in April, India recorded a fourth consecutive rise in the unemployment rate to 8.11%, according to the Centre for Monitoring Indian Economy (CMIE). India saw its highest unemployment rate at 30.6% in 2020.

In Indonesia, on the other hand, the youth unemployment rate stood at 13% in 2022. Joblessness has been steadily declining in the southeast Asian nation over the years, after peaking in 2005 at 26.4%, World Bank data showed.

The comparison between India and Indonesia holds particular significance as foreign investors often place them together as both are attractive investment destinations with similar growth trajectories and abundant opportunities.

Read more from the original article on here at qz.com.


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