According to a report of Labour Bureau of India’s Labour and Employment Ministry, India’s unemployment rate has shot up to a 5-year high of 5 percent in 2015-16. What can be the reason for this high unemployment rate?

Question:

According to a report of Labour Bureau of India’s Labour and Employment Ministry, India’s unemployment rate has shot up to a 5-year high of 5 percent in 2015-16. What can be the reason for this high unemployment rate?