The Great Depression of 1929 was one of the most devastating economic crises in modern history, affecting countries across the world. While it originated in the United States with the stock market crash of October 1929, its effects quickly spread, causing widespread unemployment, trade collapse, and financial instability. The economic downturn had severe consequences, not…
Introduction Unemployment is one of the most pressing challenges in India, affecting economic growth, social stability, and overall development. Despite being one of the fastest-growing economies in the world, India faces persistent unemployment issues due to structural, economic, and technological changes. A high population growth rate, automation, skill gaps, and slow employment generation have intensified…
Introduction Poverty is a major concern in India, affecting a significant portion of the population. It remains one of the most pervasive issues despite substantial economic growth over the past few decades. One of the key concepts in understanding poverty is the “link of poverty” or the vicious cycle of poverty, which refers to the…
Introduction India, one of the fastest-growing economies in the world, faces significant challenges in addressing poverty and inequality despite its impressive economic growth in recent decades. Over 270 million people in India still live in poverty, and income inequality remains a major issue. While government policies, social welfare programs, and economic reforms have contributed to…
Introduction Unemployment is one of the major socio-economic issues faced by India. It refers to the condition where people who are willing and able to work at the prevailing wage rate are unable to find suitable employment. The problem of unemployment not only leads to financial instability but also affects social harmony and economic growth….
India, with its rapidly growing economy, large population, and significant socio-economic diversity, faces the persistent challenge of poverty. Despite several economic reforms and growth in GDP, poverty continues to affect a substantial portion of the Indian population. It is often suggested that unemployment is the primary cause of poverty in India. While unemployment does play…