-Down to Earth Farmers and farm labourers, who want to quit agriculture, are stuck in the non-remunerative work since other sectors are not generating jobs at the required rate We are fairly sure by now that the upcoming Budget would be the first government instrument towards the prime minister’s ambitious plan of making India a $5 trillion economy by 2024. Currently, India is nearly a $2.8 trillion economy. It is obvious we...
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India's missed growth opportunities -Nikita Kwatra
-Livemint.com * In her new book, Puja Mehra analyses the political and economic policies of a decade that have brought India’s growth rate to its current crisis * She uses her insights as a trained economist as well as journalist to explain the workings of the governments in power In the last couple of years, India has been on a shaky growth path, regularly being called “the world’s fastest-growing economy" and losing grip...
More »Which one is a better indicator for depicting the problem of joblessness -- Proportion Unemployed or Unemployment Rate?
In a recent blog post, Columbia University professor Arvind Panagariya mentions that the critics of the present Prime Minister of India failed to underscore ‘employment rate’ -- flip side of unemployment rate -- that stood at nearly 94 percent according to the report on Periodic Labour Force Survey 2017-18. A recent article by Dr. Vikas Rawal and Prachi Bansal, however, points out that in order to understand the problem of joblessness...
More »Despite Adityanath govt's big promises; unemployment situation worsens in Uttar Pradesh -Biswajeet Banerjee
-National Herald The unemployment situation is worsening in Uttar Pradesh and it is directly proportional to education. Which means, more educated the youth is, bigger is the chance of them being unemployed Despite the Yogi-led BJP government promised the Ram Rajya in Uttar Pradesh, the unemployment situation is worsening which is directly proportional to education. Thus meaning, more educated a youth is, bigger is the chances of him not getting a job. The...
More »The Dramatic Increase in the Unemployment Rate -Prabhat Patnaik
-Newsclick.in The Periodic Labour Force Survey Report 2017-18 clearly shows that there is a sudden jump in the unemployment rates across-the-board in 2017-18, compared to all preceding rounds of the NSSO. The report of the Periodic Labour Force Survey (PLFS) conducted in 2017-18 is finally out, and it confirms what had been leaked earlier, namely a dramatic increase in the unemployment rate in the Indian economy. The unemployment rate is given under...
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