-TheLeaflet.in Analysing a recent report on unemployment in India by the Centre for Monitoring Indian Economy, GYAN PATHAK warns about the looming unprecedented unemployment crisis. —– THE real extent of the economic damage from last year is now in the open. The biggest loss of employment in 2020-21 was suffered by salaried employees as opposed to the popular belief that they were the safest in terms of security of employment and earning during...
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India's unemployment rate rises to 6.9% in February: CMIE -Chitranjan Kumar
-BusinessToday.in Among the states, Haryana reported the highest unemployment rate of 26.4 per cent, followed by Rajasthan at 25.6 per cent and Goa at 21.1 per cent India's unemployment rate increased to 6.9 per cent in February 2021 from 6.53 per cent in the previous month, according to latest data released by private think-tank Centre for Monitoring Indian Economy (CMIE). The data showed that unemployment rate in urban areas declined despite a...
More »Budget 2021 Is a Chance to Undo the COVID-Induced Inequality That Has Surged Across India -Nikhil Dey
-TheWire.in Ideally, the government should increase the work entitlement for MGNREGA to at least 150 days, double the budget and put in place an urban employment guarantee act. Let’s start with those who did well over the last 10 months. The Sensex index crossed the 50,000 benchmark for the first time on January 21, 2021, with a whopping 70% increase since April 2020. The Oxfam inequality report, just released, gives an idea of...
More »Pandemic Effect: 9 Months On, More Younger Workers Remain Jobless -Rosa Abraham, Amit Basole and Surbhi Kesar
-IndiaSpend.com More younger workers, and women, lost jobs and struggled to recover them. Even after employment rates recovered, quality of employment deteriorated, with individuals moving into less secure self-employment in agriculture, construction and small-scale trade. Bengaluru: The COVID-19 pandemic has delivered a large and sustained economic shock to the global economy. In India, the effect can be broadly divided into two phases--the shock of the nationwide lockdown in the months of April...
More »Mahesh Vyas of the Centre for Monitoring Indian Economy (CMIE) , interviewed by Govindraj Ethiraj (IndiaSpend.com)
-IndiaSpend.com Latest data indicate a structural shift away from organised sector jobs towards more insecure self-employment or unorganised sector jobs, Mahesh Vyas of the Centre for Monitoring Indian Economy (CMIE) tells us in this interview Mumbai: "We have an ageing population. If we have shrinking employment in urban places, if the better educated graduates or postgraduates are the ones who are losing jobs, how can we recover the economy from the downslide...
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