Factors affecting high unemployment in India

Digvijay, Dilip Bhujbal and shafighi, Najla (2021): Factors affecting high unemployment in India. Published in: International Journal of Management Sciences and Business Research, ISSN (2226-8235), , Vol. Vol-10, No. Issue 8 (August 2021): pp. 56-63.

Abstract

The goal of this research is to learn more about India's unemployment condition and how the country's GDP and inflation rate influence unemployment. We used data from the years 2000 to 2019 in our research. In this research, regression analysis is used to determine the relationship between India's unemployment, GDP, and inflation rate. The technique of finding the connections between two or more variables is known as regression analysis. Unemployment is a dependent variable and GDP, and rate of inflation are two independent variables. The findings of the final study are presented as a linear regression analysis. We can readily determine how India's GDP and inflation rate influence unemployment in India using linear regression analysis. Unemployment is greatly influenced by GDP. India's unemployment rate falls as the country's GDP rises. While India's inflation rate has a no significant impact on the country's unemployment rate.

• Item Type: MPRA Paper
• Language: English
• Keywords: Keywords: unemployment, GDP, Inflation
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General > E00 - General

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