Unemployment: India 12th among 37 Asian countries

Unemployment: India 12th among 37 Asian countries
India is positioned 12th among the 37 "major" Asian countries when it comes to unemployment of people above 15 years of age, but it still has a better record compared to China and Russia.

India has an estimated unemployment rate of 3.6% in 2017, and only Bhutan with 2.4% and Nepal with 3.2% have a better record among its neighbours.

Bhutan is ranked seventh and Nepal is  ranked ninth.

This was disclosed by Minister of State for Labour Santhosh Kumar Gangwar in a written reply to a question in the Rajya Sabha on Wednesday.

The statistics were based on the modelled estimates of International Labour Organisation in 2017.

The ministry has said that the unemployment rate in the country in 2015-16 was 3.7%, up from 3.4% in 2013-14.

Interestingly, several Gulf countries where Indians go to find jobs have a worse unemployment rate  than  India.

The United Arab Emirates has a 3.8% unemployment rate while Saudi Arabia has 5.5%.

As per the list provided by the ministry of labour, Cambodia and Qatar with 0.3% have the lowest unemployment rate followed by Myanmar (0.8%) and Thailand (1%).

China, the communist behemoth in Asia, and Sri Lanka have a joblessness rate of 4.6% and were ranked at 17th, while Vladmir Putin-led Russian Federation has an unemployment rate of 5.3%.

Pakistan is saddled with an unemployment rate of 5.9%, while war-ravaged Afghanistan is grappling with a whopping 8.5% rate.

The highest rate is recorded in Oman at 16.9%, while strife-torn Yemen  is at 16%. Jordan, an otherwise prosperous country, has an unemployment rate of 14.9% while the the IS-hit Iraq is at a very depressing 14.8%.

Gangwar said employment generation and improving employability has been the priority of the NDA government.

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