GLOBAL ECONOMY is experiencing a severe deterioration. Unemployment is the biggest cause of concern because it touches every aspect of life be it social, financial or political. As far as Jammu and Kashmir are concerned, there are a lot of factors which are responsible. Firstly, prolonged curfews and communication blackouts are major reasons of unemployment. According to a survey, over 4.56 lakh job have been lost since August 5 2019. Secondly, lack of a well-defined industrial sector aggravates the problem. Due to this, industries like the tourism Industries and apple exports which are the backbone of Jammu and Kashmir economy are performing well below their true potential. Thirdly, the lack of skill development among youth because of an underdeveloped educational sector is also one of the reasons for unemployment. Fourthly, the covid-19 pandemic has worsened the situation. It has impacted almost every sector. Worst hit among are the small-time traders, street vendors and transporters. Additionally, policies and laws like the new Domicile rules enacted by central government are also detrimental and an undesirable move.
As economic growth and unemployment are two sides of the same coin, that is, they are countercyclical; this means that if economic growth increases unemployment will decrease and vice versa. To this end, Jammu and Kashmir needs a well-defined industrial setup as soon as possible. Apart from this, village industrial sector should also be invigorated. Skill development among youth of Kashmir should be encouraged and new avenues for showing these skills should be made available.
The recent“Back to village”scheme by Jammu and Kashmir government is worth appreciating. It will generate employment in rural areas. In addition to this, efforts in ensuring vacancies in different departments by the government of Jammu and Kashmir in a transparent manner is also a welcome move.
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