Understanding the Effects of Unemployment in Indian Graduates: Psychological, Financial and Social Perspectives

摘要

The present research attempts to examine the psychological impact of unemployment and understand the individual experiences of unemployed Indian graduates. It seeks to address three possible effects of unemployment, which are psychological, financial and social, along with a necessary scrutiny on how these individuals cope with their present unemployed situation. A qualitative analysis method has been employed to investigate the research objectives through employment of a semi-structured interview schedule among graduates in the age group of 21–23?years. The research findings suggest that unemployed graduates are psychologically impacted and sometimes experience feeling of worthlessness, social embarrassment and high level of stress. Some individuals also reported a lack of motivation and meaning in their life. Although, a majority of the participants agreed to have a decline in their psychological well-being, not all share the similar experiences of unhappiness and worthlessness owing to their unemployment. Therefore, this research also hopes to underline differences in the individual experiences due to unemployment.