Economic factors are among the primary drivers of poverty, significantly influencing the socio-economic landscape of a country. In India, structural issues, market inefficiencies, and employment challenges contribute to persistent poverty, despite economic growth.

Unemployment and Underemployment

Unemployment and underemployment are critical contributors to poverty. Lack of job opportunities and low-quality employment limit individuals' earning capacity, trapping them in cycles of poverty.

Key Issues:

1.High Unemployment Rates:

India's unemployment rate fluctuates but remains a persistent challenge, especially among youth and educated populations. According to CMIE data (2023), the overall unemployment rate in India is around 7.9%, with rural areas facing seasonal employment issues.

Youth unemployment is disproportionately high, with an estimated 23.2% unemployment rate among individuals aged 15-24 (ILO, 2022).

2.Underemployment: