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2. India will be the most populous nation with 1.44 billion people in 2024 approximated according to UN world population prospect 2017. With a strong demographic dividend, India will have more no of working aged people than nonworking aged ones. The median age is just 27.3, which means the average age of people in India is 27 approx.
3. Foreign investments are increasing but the domestic investment has fallen drastically. India's exports have dropped despite the efforts of "Make in India" campaign. This means that foreign companies are getting benefits by importing their products but the Indian companies due to flaws in import structure and lack of appreciation are not able to draw more benefits from the rest of the world.
4. India is witnessing a 1million labor force every month. That means within the span of 30 days a minimum of 10 lakh people is eligible to get jobs. This is the eligibility power of India which doesn't match the real working power that means the human resource is getting wasted due to no availability of work.
5. As per current status, 25 million (2.5 crores) people applied for less than 90,000 jobs in railways. This means for a single railway job there are 278 people (approx.) lining up for the fill. 200,000 people applied for 1137 post of havildars in Mumbai which says there are 176 people (approx.) for one post in Mumbai police. So, from these figures, we can imagine how much the quantity of jobs is needed to be created to reduce the unemployment rate.
6. Top rating agencies have cut the Indian growth projection because of higher import costs and higher inflation. Example: Oil prices. That means the goods and services price is rising and consequently, the purchasing power of the currency is falling.
7. The Indian rupee is the worst performing currency in Asia this year. As the value of the currency is falling the import charges are increasing and so as to balance the flow the revenues on which Indian budget is formed, is falling short to maintain the national economic growth.
Shortly, India is in a dangerous situation where it needs jobs, better nourishment to human resources, awareness to reduce population growth rate, more domestic investments, more export facilities, fewer imports, more budgets to improve R&D within the nation, entrepreneurs and at last a miracle from (36 crores + 20 approx.) Gods.
