India behind Pakistan, Bangladesh & Afghanistan in providing jobs: UN Report

The World Economic Situation and Prospects 2020 report, released on Friday, said over 40 per cent of Indians aged between 20 and 34 were Not in Education, Employment or Training (NEET) for the period between 2010 and 2018.

At least two in every five young Indians are not part of the workforce or have no link with education or any form of training, the UN report said, putting the country behind Pakistan, Bangladesh, Afghanistan and Sri Lanka on these parameters.

The Periodic Labour Force Survey released by the Centre had found the unemployment rate in India was 6.1 per cent in 2017-18, the highest since 1972-73. While the unemployment rate has increased in India, the world average has declined.

The UN report said the world unemployment rate had fallen to slightly under 5 per cent, about the same level as before the global financial crisis of 2008.

“The decline in global unemployment over the past year is mainly the result of further job gains in major developed economies. In the United States, unemployment fell in 2019 to a 50-year low of 3.6 per cent. Unemployment in Japan stands at 2.2 per cent, its lowest in 27 years,” it said.

The report said that equal access to education would encourage a more level playing field in terms of access to quality jobs and wages.

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