Amid a growth slowdown and unemployment issues, India’s politics will be increasingly shaped by the economic insecurity of its vast youth population, the Economist Intelligence Unit said in a research note on Friday.
The issue of unemployment and underemployment has been an unavoidable topic in India’s politics and slower economic growth has translated to poor employment numbers.
“Although Prime Minister Narendra Modi successfully won re-election for the Bharatiya Janata Party earlier this year on a platform of strong leadership and emphasis on social and security issues, politics will increasingly be shaped by the economic insecurity of India’s vast youth population,” the research note by the Economist Intelligence Unit (EIU) said.
Citing Centre for Monitoring Indian Economy data, the EIU said that in October 2019, the unemployment rate rose to a three-year high of 8.5 per cent, up from 7.2 per cent in September.