-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
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Did the Indian economy create nearly 13 million jobs in 2017? -Amit Basole and Anand Shrivastava
-Hindustan Times While a final conclusion on employment growth should wait for 2017-18 NSSO data, rosy estimates based on selective assumptions do not inspire much confidence . New Delhi: In a study prepared as a background report for the Prime Minister’s Economic Advisory Council, economists Surjit Bhalla and Tirthatanmoy Das have claimed that the Indian economy created around 12.8 million jobs (by principal status) in 2017. The authors also claim that net...
More »Scheduled Castes among worst sufferers of India's job problem -Sukhdeo Thorat
-Hindustan Times Social discrimination and socioeconomic realities add to disadvantages faced by Scheduled Castes (SCs) in the labour market. Although we do not have employment trends from National Sample Survey Office (NSSO) after 2011-12, anecdotal evidence suggests that India’s job challenge might have worsened in this period. The slow pace of job creation inflicts greater suffering on the workforce in an economy. This suffering however is not the same for all...
More »Jobs growth claims in India: a fact check -R Nagaraj
-Livemint.com The present government has incentivized employers to comply with the EPF law by making their contribution for three years to expand formal sector employment Surjit Bhalla and Tirtha Das’ (B-D, hereafter) background paper, titled All You Wanted To Know About Jobs In India, But Were Afraid To Ask, is now available on the Prime Minister’s Economic Advisory Council (PMEAC) website (goo.gl/Y5CLtF)—a welcome initiative. It claims: “While there are no official employment...
More »The Tragi-Comedy of Jobs Numbers -Subodh Varma
-Newsclick.in In the latest govt. release of EPF and ESI numbers, the chaos in industry is revealed – not job situation. What was started last year as a trial balloon has now become a joke, after getting sanctified by everybody in the govt., from PM Modi downwards. Yesterday, the govt. released new numbers on how many people enrolled in three of its social security schemes, provident fund (EPF), employees health insurance (ESI)...
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