Sunday, 17 February, 2019

Unemployment figures not released by government: NITI Aayog VC Rajiv Kumar

6 ways all Indians can have a guaranteed income New Delhi: Unemployment rate highest in 45 years, says survey - govt withholds report
Russell Knight | 31 January, 2019, 16:26

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.

"News and data like thousands of PhDs applying for waiter jobs in Mumbai or millions applying for just a thousand jobs in Gujarat or 10 million applying for a small number of jobs in railways", he said.

Citing data collated under the National Sample Survey Office (NSSO) report that has been withheld by the government, a Business Standard report said that joblessness was as high as 27.2 per cent among women and 18.7 per cent among men in urban areas, and 13.6 per cent among women and 17.4 per cent among men in rural areas.

This act of the government angered two independent members of the National Statistical Commission, who tendered their resignation this week. "The reason for the delay is it was felt that there were other quarters of data to be made available", Rajiv Kumar said. But we need to look at the quality of jobs.

The data is significant because this was the first comprehensive assessment of India's employment situation conducted after Modi's decision in November 2016 to withdraw most of the country's banknotes from circulation overnight, the report said.

On Wednesday, the Modi government had indicated that it will not release the NSSO report in its current form.

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In September 2018, economists from Azim Premji University released a report which said that in 2015, the headline rate of unemployment reached 5%, with youth unemployment at a very high 16%.

India's economy has been expanding by 7 percent plus annually - the fastest pace among major economies - bit uneven growth has meant that there are not enough new jobs to keep pace. They don't want to bring the data forward.

PM Modi came to power in 2014 promising to galvanise the economy and boost employment prospects for the millions of young Indians entering the job market each year.

The last report published by the statistics ministry had shown that the unemployment rate rose to 5.0 percent in 2015/16 from 4.9 percent in the previous year and 4.0 percent in 2012/13.

"EPFO's real data shows sharp increase in jobs, created in just the last 15 months". The results of the job survey, as reported by the Business Standard, is in sync with another survey done by Centre for Monitoring Indian Economy, which stated that 11 million Indians lost their jobs in 2018, with rural India taking the worst hit reporting 84% of the job losses.

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