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LATEST NEWS UPDATES | No Jobs, And Now No Skills -Vineet John Samuel

No Jobs, And Now No Skills -Vineet John Samuel

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published Published on Jun 17, 2017   modified Modified on Jun 17, 2017
-HuffingtonPost.in

What the dissolving of Skill India’s ambitious targets says about India’s tryst with jobless growth.

The recent figures released by the Labour Bureau's Quarterly Economic Survey have pointed to a rather dangerous trend in terms of employment for the country. According to the latest government data, job creation for the nine months running up to December 2016 for the eight labour-intensive sectors of the economy was at an abysmally low 2.31 lakhs. This was several times lower than the required target and failed to meet even the basic target of 1000 jobs a day.

As expected, the government has come under heavy criticism for this phenomenon of "jobless growth" that has hung over them from 2016. However, in response Arvind Panagariya, the vice chairman of the NITI Aayog, came out with a statement criticising the data and methodology adopted by the Labour Bureau for having a limited sample size and only accounting for firms that employed more than 10 individuals. From this one can only assume that second in command of the NITI Aayog feels that employment figures would have been more accurate and perhaps even painted a better picture had the smaller firms been taken into account.

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HuffingtonPost.in, 16 June, 2017, http://www.huffingtonpost.in/vineet-john-samuel/no-jobs-and-now-no-skills_a_22278983/


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