Explain the main causes of unemployment in India.
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The main causes responsible for unemployment in India are:
- Rapid growth of population in the economy has been a major cause. As a matter of fact the number of unemployeds have actually increased overtime rather than decreasing.
- Rate of economic growth has been quite slower than what was anticipated, basically because of faulty planning.
- Shortage of financial resources has been a big hindrance in employment generation. Further this had been augmented by the increasing control of the government for many years.
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