Unemployment in India is at its highest in 45 years

Unemployment in India is at its highest in 45 years

The government has been unable to keep its lofty promises of providing meaningful jobs to all, and policy missteps like demonetisation have only exacerbated the crisis in the Indian economy.

"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.

"We have a evidence to show that jobs have been created". It is not right to compare the two data sets, this data is not verified. "It is not correct to use this report as final".

The survey is the first on employment made by a government agency since demonetisation.

The report, revealed a day before the government's Interim Budget, triggered a row just a few months ahead of the Lok Sabha election, due by May.

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 previous year. This was the highest unemployment rate in India in the last 20 years.

Unemployment in India is at its highest in 45 years

A report by the National Sample Survey Office on its periodic labour force survey has said that the unemployment rate in India had risen to its highest level for 45 years.

The report said the report showed that joblessness stood at 7.8 percent in urban areas compared with 5.3 parts in the countryside. To compare, the unemployment rate in the country had gone down to 2.2% in 2011-12, according to NSSO data. Among rural men in the age group of 15-29 years the unemployment rate went up to 17.4% in comparison to the 5% in 2011-12.

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. "6.5 crore youth were jobless in 2017-'18 alone".

On Wednesday, the Ministry of Statistics & Programme Implementation had denied this in a statement, saying that the report would be released once quarterly data between July 2017 and December 2018 had been processed.

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 would be unlikely to keep its parliamentary majority. "Unemployment is the highest in 45 years", Gandhi said.

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