Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Employment, finally an election issue -Santosh Mehrotra and JK Parida
-The Hindu Several myths persist about job creation, which can misguide policymaking Jobs are rarely far from the minds of citizenry. Politicians woke up to this fact in the run-up to the Bihar Assembly elections. It is for the first time that unemployment has become a big issue in an election. This is not surprising. Rising unemployment The economy had been slowing for nine quarters prior to the COVID-19 outbreak. Before the 2019 Lok...
More »Workers returning to Delhi post-lockdown stare at JOBLESSNESS -Ashok Kumar Soibam and Rocky Singh
-The Hindu Several workers returning to Gurugram and Delhi from their home towns after the lockdown discover their employers have already filled their positions Vijay Mishra, a chhole-poori vendor on Jharsa Road in Gurugram, is the odd man out among a row of fruit sellers. The 38-year-old makes ₹200-₹300 daily, not even half of what he used to earn at his job in Maruti Suzuki India Limited before the lockdown. Like thousands of...
More »JOBLESSNESS woes fade away in rural India; unemployment falls to below pre-pandemic levels -Samrat Sharma
-Financial Express The latest figure shows that the JOBLESSNESS in the rural areas is now lower than the pre-pandemic levels. The unemployment rate in rural India significantly fell to 5.21 per cent in the last week, according to CMIE’s weekly employment data. The latest figure shows that the JOBLESSNESS in the rural areas is now lower than the pre-pandemic levels. Though the rising number of jobs plays a major role in reducing...
More »JOBLESSNESS and opportunity in Tamil Nadu -Vikas Kumar, PG Babu and Poonam Singh
-The Hindu The longer-term decline in the labour participation rate can be attributed to a host of factors The COVID-19 pandemic has disrupted economies across the world and presented policymakers with the unenviable task of sustaining employment amidst lockdowns. However, the academic and political debates in India on unemployment, which is widely attributed to jobless growth amidst stagnation in the agricultural and manufacturing sectors, predate the pandemic. It will be useful to...
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