Amidst the economic slowdown in the country, the youth of India has called for a protest on Wednesday, September 9, by turning off the lights in the house for nine minutes straight, lighting just candles or lanterns.
This protest is to be organized keeping in view problems of unemployment and privatization. The gross domestic product (GDP) of the country shrank by 23.9 per cent in the June quarter due to the pandemic and the subsequent lockdown. Along with this, no new vacancies are being given in many government sectors at present, moreover, many jobs have not been recruited, even in the railways.
The problem of unemployment in the country has been increasing considerably for the last few years. The unemployment rate in India averaged 9.21 per cent from 2018 until 2020, reaching an all-time high of 23.50 per cent in April of 2020 and a record low of 6.70 per cent in November of 2018.
Moreover, what is problematic is the Centre’s refusal to talk on the subject. Questions of economy and jobs have been overshadowed by conjecture and gossip for many in the country. Moreover, the impact of unemployment is somehow always being steered clear of. Unemployment affects the economy of the country in a way that the workforce that could have been gainfully employed to generate resources actually gets dependent on the remaining working population, thus escalating socio-economic costs for the state. For instance, a 1 per cent increase in unemployment reduces the GDP by 2 per cent. This can have long-lasting impacts on the economic health of the country.
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