4: India
India has a relatively low unemployment rate of 3.8 percent, but this number has been increasing since 2011 by about 0.1 percent per year. This trend is thanks to various signs that global economies are slowing down, while at the same time there is little business expansion ongoing in India.
The Indian Staffing Federation has stated that the government needs to take a more active role in providing better skills and education to young people in India as well as reduce India’s informal economy.
Informal jobs account for 94 percent of India’s workforce and are usually unprotected by contracts and low paying service or agricultural jobs. India will need to help create more highly skilled workers if it hopes to avoid a rise in its long term unemployment.
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