India’s unemployment rate highest in 45 years

Dwayne Harmon
Февраля 1, 2019

It is not right to compare the two data sets, this data is not verified.

But he said the report was not final and would be released after a review.

The report was accessed by Business Standard and published earlier today following which the government faced a slew of attacks from the Opposition.

The damning revelation comes just a day after a controversy erupted over the central government's refusal to release the report on unemployment despite the National Statistical Commission giving its approval in December a year ago.

Two members - including the acting chairman - of the National Statistical Commission resigned this week, saying the government had not released the job numbers despite the commission's approval. PC Mohan, the head of the NSC, said he and his colleague J Meenakshi were disappointed with the non-publication of the data which was supposed to be released in December. The unemployment rate among youth reached a record high level in 2017-18 as compared to previous year and 'much higher compared to that in the overall population, ' highlighted the report.

Modi's ambitious Make-in-India project to lift the share of domestic manufacturing from 17 percent of GDP to about 25 percent and create jobs for an estimated 1.2 million youth entering the marker failed to take off.

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India's unemployment rate hit a 45-year-high of 6.1 per cent in 2017-18, as per the National Sample Survey Office's (NSSO's) periodic labour force survey (PLFS) of the Ministry of Statistics and Programme Implementation.

The unemployment among males stood at 4.3 percent and 8.7 percent among women in 2015/16, the government data showed.

It also said that unemployment was higher in the urban areas (7.8 per cent) than in the rural areas (5.3 per cent). To compare, the unemployment rate in the country had gone down to 2.2% in 2011-12, according to NSSO data.

The data provides the first comprehensive assessment of India's employment since Modi's decision in November 2016 to withdraw most of the country's banknotes from circulation overnight. Dubbing the Prime Minister as "Fuhrer", Gandhi said that, "unemployment is at its highest in 45 yrs".

"You can't be growing annually at 7.2 percent and saying that there are no jobs being created in the economy", NITI Aayog Chief Executive Amitabh Kant said at a press conference. And critics say the government's claims of economic success have sounded increasingly hollow.

The survey comes a month after the All India Manufacturers' Organisation released a report that said 3.5 million jobs had been lost since 2016.

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