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LATEST NEWS UPDATES | 2018 -- Year of Raging Joblessness -Subodh Varma

2018 -- Year of Raging Joblessness -Subodh Varma

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published Published on Dec 29, 2018   modified Modified on Dec 29, 2018
-Newsclick.in

The tragedy of unemployment continues, complemented by a government that has no solution except to fiddle with data.

If there was one defining promise by Narendra Modi in the run-up to the 2014 General Elections, it was that he would give one crore jobs every year. Nearly five years down the line, this is what promises to sink him and his government at the Centre.

Far from fulfilling this promise, the Modi sarkar period has been marked by sustained and unmitigated joblessness, with youth – especially educated youth – suffering the most. The year that is just finishing is no exception: unemployment has steadily risen from over five per cent in January 2018 to a chilling 7.3 per cent on December 28, according to latest Centre for Monitoring Indian Economy (CMIE) survey data.

Remember: CMIE is defining unemployment in the strict sense of persons who are without jobs and actively looking for opportunities at the time of the survey. There are many more who have become disillusioned, frustrated and hopeless, deciding to not look for jobs at present. If you add these numbers then the share of unemployed will go up to as much as 9-10 per cent, going by previous estimates. For example, in August 2018, the strictly defined unemployment rate was 5.67 per cent, while the greater unemployment rate was 7.87, according to the Statistical Profile of Unemployment in India for May-August 2018, published by CMIE.

In August, graduate joblessness was as high as 14 per cent, while joblessness among 20-24 years old persons was a staggering 32 per cent, according to the same publication. So, at the year end, both would be even higher given that the aggregate unemployment rate itself has jumped up by over two percentage points.

Similarly, female unemployment was over 22 per cent in August, and would have risen further by the year end.

There are many other ways in which this is visible in the country, though not to the ruling BJP. For example, in the rural jobs guarantee scheme (MGNREGS), 7.2 crore persons applied for work till December 15 this year. With over three months still left in the financial year, the number of persons approaching for work seems to be headed for a record, the previous high being in 2016-17 when 8.5 crore had demanded work. Remarkably, the Modi government’s financial squeeze on schemes such as this resulted in 1.29 crore persons being turned back and refused work, although it is obligatory to provide work to all applicants. This itself is the highest number turned back since the scheme’s inception, and has added to the misery of jobless people. Again, three months are left, and the number is bound to swell further.

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Newsclick.in, 28 December, 2018, https://www.newsclick.in/2018-year-raging-joblessness?fbclid=IwAR2F1JnExnwc7AWw51d76xI2cYb77oX8TkfhnliEnDgy_O3CfViqyoJXlIY


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