-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...
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India Does Have a Real Employment Crisis -- And it's Worsening -Santosh Mehrotra
-TheWire.in Manufacturing jobs actually fell in absolute terms from 58.9 million in 2011-12 to 48.3 million in 2015-16. Economists have been writing for some months that, contrary to the claims of the government, there is plenty of data available that shows unmistakably that unemployment is high and rising. Educated unemployment has worsened just as young people are getting better educated, and expect to work outside agriculture in industry and services. We have done this...
More »The solution is universal -Rajendran Narayanan & Debmalya Nandy
-The Hindu Strengthening the MGNREGA would be more prudent than a targeted cash transfer plan like PM-KISAN Rural distress has hit unprecedented levels. According to news reports, unemployment is the highest in 45 years. To allay some misgivings of the distress, one of the announcements in the Budget speech was that “vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of...
More »Surveying India's unemployment numbers -Mahesh Vyas
-The Hindu India’s labour participation rate, very low by world standards, fell sharply after demonetisation. Women bore the brunt Monthly measurement of the unemployment rate is one of the requirements of the Special Data Dissemination Standard (SDDS) of the International Monetary Fund (IMF). The SDDS — India was one of the early signatories —was established in 1996 to help countries access the international capital markets by providing adequate economic and financial information...
More »STREANH in numbers -James Wilson
-The Telegraph Setting the record straight on the Narendra Modi establishment’s pervasive data-twisting Post truth. This seems to be the only surviving truth in today’s India, a country overrun with bare-faced lies, falsehood, deceit and invented truths — statistics. Note the brazen manner in which the chief of the Prime Minister’s Economic Advisory Council, Bibek Debroy, declared recently that a new national sample survey will be conducted by the government to...
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