Published: Fri, February 01, 2019
Money | By Bruce West

Report saying joblessness reached 45-year high ‘not verified’: NITI Aayog

Report saying joblessness reached 45-year high ‘not verified’: NITI Aayog

Addressing a press conference in the national capital, the vice chairman of the NITI Aayog Rajiv Kumar said, "The report that says unemployment is at a 45-year high in 2017-18 is not verified".

"The government has not released data on employment as it is still being processed".

Ms. Basole noted that the government's decision to discontinue the NSSO's five year surveys, failure to regularly release Labour Bureau data and delay in releasing the NSSO's periodic labour force survey had led to "an atmosphere of uncertainty and confusion".

The unemployment is at high of 6.1% during the 2017-18 post demonetization era and has stirred controversy as the government is sitting over it and fudging other data points as well.

"NoMo Jobs!" Rahul Gandhi wrote on Twitter adding, "The Fuhrer (a term used by Nazi Germany for its ruler Adolf Hitler) promised us 2 Cr jobs a year".

Niti Aayog CEO Amitabh Kant recounted the major problems facing our economy. But we need to look at the quality of jobs. In what now looks like a pattern, the report had been approved by the labour minister in December but not released to the public.

"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.

The release of a report supposedly showing that the country's unemployment rate is at its highest since 1972-73 can certainly be an embarassment for the Modi government in this period leading up to the general election.

The newspaper said the report showed that joblessness stood at 7.8 per cent in urban areas compared with 5.3 parts in the countryside.

Though India's economy has been expanding by 7 percent plus annually, uneven growth has meant that new jobs are not keeping pace. "The confusion is being created by those using a job report which has been leaked, and it has not been finalised", he added.

The data showed that the Indian economy grew at an average of only 6.67 per cent in the nine years through 31 March 2014 (UPA tenure), slower than the 7.35 per cent achieved in the four years through 31 March 2018 (NDA tenure).

High levels of unemployment were registered for the educated youth both rural and urban. 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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