COVID-19, EFFECT ON UNEMPLOYMENT AND SOLUTION TO REDUCE UNEMPLOYMENT- A SURVEY

The economic problem of unemployment persisted globally for a longtime. Developed countries such as the USA, Canada, UK facedunemployment at its worst in The Great Depression which started inaround 1930’s leading to rising suicide rates. In 2008, duringrecession global suicide rates was between 20 to 30 %. Fordeveloping nations such as India, Pakistan etc it came after 1940s. In2016 post the act of demonitisation of 500 and 1000 rupees banknotes made issue worse almost in a few hours. After independencefrom the British Empire the Indian economy increased substantiallybut had a worse or no effect on the number unemployed. To deal withthis issue Indian government has put forward different policies.