New Delhi: A grim picture of unemployment has surfaced in Chennai, Tamil Nadu, when nearly 4,600 highly educated youths applied for 14 menial jobs.
According to reports on Wednesday the depressing and distressing fact is that the majority who have applied for the posts like sweepers and sanitary workers are highly qualified.
They hold professional degrees like B.Tech, M.Tech and Master of Business Administration(MBA).
Such a grim scenarios of unemployment crisis has come at a time when ruling BJP-led National Democratic Alliance (NDA) has come in for sharp criticism by the opposition parties and social groups for failing to fulfill its promise of creating 2.5 crores jobs per year.
The labour market has seen sharp decline of employment in 2013-14 of 4.9 per cent and in 2015-16 of 5 per cent primarily owing to very dull performance of sectors like construction, manufacturing and information technology.
According to statistics of National Sample Survey, which is yet to be made public, the rate of unemployment in India has reached up to the level of 6.1 per cent in the period of 2017-18.
It is alarmingly highest in the last four decades, the report said.
The survey further stated that among the rural males in the age group of 15-29 years the rate of unemployment was at 17.4 per cent.
This is three times greater than the rate of 2011-12 which was calculated 5 per cent.