The results of the latest NSSO large survey on employment and unemployment provide crucial evidence on the pattern of inadequate job creation in this phase of high economic growth. This edition of MacroScan provides an initial analysis of the results. No sooner were the results of the 66th Round of the National Sample Survey Organisation (relating to data collected in 2009-10) released, than they became the subject of great controversy. Surprisingly,...

This is India’s Tahrir square, read one of the tweets soon after the campaign against corruption succeeded last week and forced the government to accept the demands of social activist Anna Hazare to announce a committee for considering a new Lokpal Bill against corruption. After watching widespread public demonstrations in Tunisia, Egypt and other Middle-East countries to rid their countries of dictators, there was a frisson of excitement among our socially...

The world economy may have turned around from one of the worst economic recessions that left it scarred in 2009 but things still look far from being radiant as global unemployment remains at a record high for the third consecutive year. If Global Employment Trends 2011, published by International Labour Organisation, is anything to go by, then low job creation remains a major stumbling block in the global economic recovery....

Despite a sharp rebound in economic growth for many countries, global unemployment in 2011 is likely to continue at the record highs of the past three years, highlighting the need for long-term policies that prioritize quality job creation, according to the United Nations labour agency. Moreover, a narrow focus in developed economies on reducing fiscal deficits without addressing the challenge of job creation will further weaken employment prospects in 2011, the...

Activists and many residents blame a hydel project for the growing frequency of landslides in some Uttarakhand villages. THE nearly 3,500 residents of Bhatwadi village along the Uttarkashi-Gangotri highway in Uttarakhand saw their world come crashing down around them on the night of August 12/13. A massive landslide that hit the village formed cracks up to five metres wide on the highway and these crept up the hills to over 100...