Niti Aayog clarifies on jobs report

Niti Aayog clarifies on jobs report

NITI Aayog Vice Chairperson Rajiv Kumar said on Thursday, 31 January, that the data in the reported NSSO survey was not verified, and that it was not correct to use this data to talk about joblessness.

Stating that this data had not yet been approved by the government, Mr. Kumar said, "Citing the data or comparing it to the 2011-12 data would be wrong".

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.

Unemployment rate in India hit 6.1% in 2017-18, highest the country has seen in 45 years, according to an undisclosed jobs survey accessed by Indian daily Business Standard. The two external members had quit over their differences with the Centre over job data. 5 years later, his leaked job creation report card reveals a National Disaster.

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%.

In 2011-12, the all-India unemployment rate was 2.2 per cent - the last available figure on jobs, after which the survey was discontinued.

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.

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There was a decline in the labour force participation rate, which is the proportion of the population working or seeking jobs.

After the chaotic launch of a national sales tax in July 2017, hundreds of thousands have lost jobs in small businesses.

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

The gloomy jobs data could be awkward for Modi's Hindu nationalist government to explain with a general election looming and opinion polls already showing the ruling Bharatiya Janata Party unlikely to keep its parliamentary majority.

The Indian economy has been expanding at a rate of over 7 per cent annually, one of the fastest in the world. And critics say the government's claims of economic success have sounded increasingly hollow.

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.

The country has lost as many as 11 million jobs past year, according to the Centre for Monitoring Indian Economy, an independent think-tank.

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