With unemployment at 45-year high, how can we believe that the economy is growing at 7%, asks P Chidambaram
5 years, 11 months ago

With unemployment at 45-year high, how can we believe that the economy is growing at 7%, asks P Chidambaram

Firstpost  

Chidambaram’s remark came ahead of the interim Budget on Friday. The government on Thursday said it has not finalised the survey on labour force which reportedly showed that the unemployment rate in the country hit a 45-year high of 6.1 percent in 2017-18 New Delhi: Former finance minister P Chidambaram on Friday raised doubts over the GDP figures, wondering how the economy is growing at 7 percent when the unemployment rate was the highest in 45 years. The government on Thursday said it has not finalised the survey on labour force which reportedly showed that the unemployment rate in the country hit a 45-year high of 6.1 percent in 2017-18. With unemployment at a 45-year high, how can we believe that the economy is growing at 7 per cent,” Chidambaram said on Twitter. On Thursday, Niti Aayog Vice Chairman Rajiv Kumar, who had previously mounted a defence of lowering of UPA-era GDP growth rates, at a hurriedly called press conference said the report cited by the newspaper “is not finalised.

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History of this topic

The week in 5 charts | Uttarkashi tunnel rescue, India’s GDP increases in Q2, Unemployment rate dips, and more
1 year, 1 month ago

The week in 5 charts | Uttarkashi tunnel rescue, India’s GDP increases in Q2, Unemployment rate dips, and more

The Hindu  

After 17-days, trapped workers rescued from the Uttarkashi tunnel On November 12, when portions of the Silkyara-Dandalgaon under-construction tunnel on the Brahmkhal-Yamunotri highway collapsed, 41 workers were trapped with no way out. GDP surges 7.6% in Q2, goes past RBI forecast India’s Gross Domestic Product grew at a higher-than-expected 7.6% in the July to September 2023 quarter, as per initial …

Reports on high unemployment rate in country 'misleading', says Union Minister Santosh Kumar Gangwar in Lok Sabha
5 years, 6 months ago

Reports on high unemployment rate in country 'misleading', says Union Minister Santosh Kumar Gangwar in Lok Sabha

Firstpost  

Union Minister Santosh Kumar Gangwar Monday said that reports about high unemployment rate in the country are misleading and asserted that employment generation is the priority of the government New Delhi: Union Minister Santosh Kumar Gangwar Monday said that reports about high unemployment rate in the country are misleading and asserted that employment generation is the priority of the government. …

Mayawati attacks Modi over unemployment data
5 years, 7 months ago

Mayawati attacks Modi over unemployment data

The Quint  

Lucknow, June 6 Bahujan Samaj Party President Mayawati on Thursday mounted a scathing attack on the Narendra Modi government over the unemployment rate which has risen to a 45-year-high at 6.1 per cent. In a series of tweets, Mayawati said: "Just after the Lok Sabha elections, the Labour Ministry has confirmed that the unemployment rate has reached a 45-year high …

The debate around PLFS is back and here are the issues that the politicised controversy fails to consider
5 years, 7 months ago

The debate around PLFS is back and here are the issues that the politicised controversy fails to consider

Op India  

The Periodic Labour Force Survey is officially out, and with it, the controversy on job growth over the last 5 years has resurfaced. As far as the issue of job creation in the economy is concerned, the debate has been far too politicized in the recent past and it continues to be politicized even after the elections. Such politicization will …

Is unemployment in India really at 45 years high: Explaining the NSSO report
5 years, 7 months ago

Is unemployment in India really at 45 years high: Explaining the NSSO report

Op India  

Currently the news about unemployment in India touching a “45 years high” has been circulating in print and electronic media. New methodology / New sampling criteria Till 2012, jobs data was based on Employment Unemployment Survey which was conducted once every 5 years. Since NSSO survey includes more households with higher education, unemployment data is showing a sudden jump. In …

India's unemployment rate at multi-year high of 6.1% in 2017-18, confirms govt data
5 years, 7 months ago

India's unemployment rate at multi-year high of 6.1% in 2017-18, confirms govt data

Firstpost  

India’s unemployment rate rose to 6.1% in the 2017/18 fiscal year, the statistics ministry said on Friday, matching data earlier leaked to a newspaper that said it was the highest level in at least 45 years New Delhi: India’s unemployment rate rose to 6.1% in the 2017/18 fiscal year, the statistics ministry said on Friday, matching data earlier leaked to …

Unemployment rate at 45-year high, confirms Labour Ministry data
5 years, 7 months ago

Unemployment rate at 45-year high, confirms Labour Ministry data

The Hindu  

The unemployment rate in 2017-18 was 6.1 per cent, corroborating the pre-election leaked report that had claimed joblessness at a 45-year high. The leaked report on periodic labour force survey from July 2017 to June 2018 had on comparison with previous surveys concluded that the joblessness was at the highest level in 45 years. However, releasing the survey report after …

UK unemployment rate hits 44-year low as number in work hits record high
5 years, 9 months ago

UK unemployment rate hits 44-year low as number in work hits record high

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Youth will never forgive BJP govt for leaving the country with 7.2% unemployment rate: P Chidambaram
5 years, 10 months ago

Youth will never forgive BJP govt for leaving the country with 7.2% unemployment rate: P Chidambaram

India Today  

According to data compiled by the Centre for Monitoring Indian Economy, the unemployment rate in India rose to 7.2 percent in February 2019. Speaking on the issue, Congress leader P Chidambaram on Wednesday attacked the government citing unemployment data released by a think tank and said no parent, unemployed youth or student will forgive the BJP government for leaving the …

India's unemployment rate highest since 2016: Report
5 years, 10 months ago

India's unemployment rate highest since 2016: Report

India Today  

The unemployment rate in India rose to 7.2 percent in February 2019, the highest since September 2016, and up from 5.9 percent in February 2018, according to data compiled by the Centre for Monitoring Indian Economy that was released on Tuesday. The unemployment rate has climbed despite a fall in the number of job seekers, Mahesh Vyas, head of the …

There is no clear picture on unemployment in India
5 years, 11 months ago

There is no clear picture on unemployment in India

Hindustan Times  

I’m not surprised the jobs and unemployment situation has hit the headlines two months before the elections. The government also claims that an economy cannot be growing at 7 and 8% — whilst investment is declining and exports are stagnating — without creating jobs unless there’s a miraculous explosion in productivity, which clearly hasn’t happened. So, to buttress the belief …

‘How can a country grow without employment?’: P Chidambaram’s dig at Modi govt
5 years, 11 months ago

‘How can a country grow without employment?’: P Chidambaram’s dig at Modi govt

Hindustan Times  

Former finance minister P Chidambaram on Friday raised doubts over the GDP figures, wondering how the economy is growing at 7 per cent when the unemployment rate was the highest in 45 years. The government on Thursday said it has not finalised the survey on labour force which reportedly showed that the unemployment rate in the country hit a 45-year …

Govt says NSSO survey citing high unemployment rate in India not final; official report in March
5 years, 11 months ago

Govt says NSSO survey citing high unemployment rate in India not final; official report in March

Firstpost  

Niti Aayog Vice Chairman Rajiv Kumar, who had previously mounted a defence of lowering of UPA-era GDP growth rates, at a press conference on Thursday said the report cited by the newspaper “is not finalised. Niti Aayog Vice Chairman Rajiv Kumar, who had previously mounted a defence of lowering of UPA-era GDP growth rates, at a hurriedly called press conference …

India unemployment rate highest in 45 years: Report
5 years, 11 months ago

India unemployment rate highest in 45 years: Report

Al Jazeera  

The jobless rate stands at 6.1 percent, a local newspaper reports, citing an official survey withheld by the government. The unemployment rate in India has reached its highest in 45 years, according to a report in the Business Standard newspaper that cited an official survey withheld by the government. The survey, conducted by the National Sample Survey Office between July …

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