India's Economic Miracle: A Time Bomb of Unemployment

1 min read
Source: CNN
India's Economic Miracle: A Time Bomb of Unemployment
Photo: CNN
TL;DR Summary

India's youth unemployment rate is climbing sharply, with almost half of people under 25 being unemployed as of December 2022. While India's working age population is young, growing, and projected to hit a billion over the next decade, there aren't enough jobs to support the growing number of workers. Experts warn that the problem will only get worse as the population grows and competition for jobs gets even tougher, potentially leading to social unrest. India has various options to address these demographic problems, but such fixes on the macro level will do little to help those who are struggling now.

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