BBC News: Possibly for the first time in independent India, there has been an absolute decline in employment since NaMo came to power

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BBC News: Possibly for the first time in independent India, there has been an absolute decline in employment since NaMo came to power

Post by Rashmun on Sun Oct 08, 2017 5:42 am

On the campaign trail in 2013, Narendra Modi told Indians that his party would create 10 million jobs if it came to power. 


A year later, his BJP swept to power in Delhi with a resounding majority. This January, India's Economic Survey hinted that things were not going well, and that employment growth was sluggish. New government data shows that the unemployment rate had risen to 5%, up from 4.9% in 2013-14, the year before Mr Modi came to power. 

The picture may be actually a lot bleaker. A recent study by economist Vinoj Abraham, using recent jobs data collected by the labour bureau, reckons employment growth in India has slowed down drastically between 2012 and 2016. 
What is more worrying, according to his study, is there has been an absolute decline in employment - drying up of existing jobs - between 2013-14 and 2015-16, possibly for the first time in independent India.

http://www.bbc.com/news/world-asia-india-41495792

Rashmun

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