INSTEAD OF GLOATING OVER ‘RECORD’ JOB GENERATION, MODI GOVT SHOULD DO SOME RETROSPECTION
DRASTIC FALL IN INFORMAL SECTOR JOBS IN THE ECONOMY, SPEAKS WELL ABOUT FAILURE OF THE REGIME
2024-07-18 10:04
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In India today, the number of unemployed especially in the working age has gone up to more than forty crore out of the population of one billion. The demon of deprivation stares at every unit of families. With occasional employment, life is barely sustained. The ruling circle never gets tired of claiming that unemployment rate has been falling. Even the government’s Periodic Labour Force Survey data showed unemployment rate had fallen to 3.1 per cent during 2022-23. However, the real time private data of CMIE shows unemployment has been hovering around 7-8 per cent.