-The Hindu Employment opportunities, formal jobs and the labour force are all shrinking The jobs situation in India does not reflect a crisis, but it is a matter of serious concern. A crisis is understood as an emergency that demands immediate attention, without which we could see a calamity of sorts. There is no immediate calamity of any kind on hand. But there is a deeply insidious problem at work in the...
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The shape of the jobs crisis -Santosh Mehrotra
-The Hindu India has no industrial policy or employment strategy to ride the wave of its demographic dividend Job creation has slowed since 2011-12, the year of the last published National Sample Survey Office (NSSO) labour force survey. I used Labour Bureau annual survey (2015-16) data and Centre for Monitoring Indian Economy Pvt. Ltd. (CMIE) data (post-2016), which has a sample size larger than the NSSO labour force surveys, to reach this...
More »In search of a job -Muthukumar K & Seetharaman R
-The Hindu Business Line Prime Minister Narendra Modi promised one crore jobs during the 2014 elections. At the present rate of job creation, this will take 30 years. Muthukumar K and Seetharaman R report on the employment crisis Raj Abraham (name changed on request), a first-year student at a leading management institute in Chennai, is a bit anxious these days. Ask him how his seniors are faring in campus placement and the...
More »Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
More »Rising elderly population needs a broad-based support system
Although the focus of erstwhile UPA and the present NDA government has been to achieve higher economic growth by reaping the 'demographic dividend', a recent report from the Central Statistics Office (CSO) informs us that a substantial chunk of the population underwent ageing during the last 60 years. The report entitled Elderly in India: Profile and Programmes 2016 from CSO (that comes under the Ministry of Statistics and Programme Implementation) shows...
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