Can India be a ‘developed nation’ without quality jobs?
GDP growth and manufacturing push have not produced adequate quality jobs for decades
unemployment in india
February 2024
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October 2019
Budget 2023: The Jobs Conundrum
Experts say with a high level of automation and digitisation, manufacturing may not remain an avenue for job creation and that focus is needed on services as well as self-employment.
India’s unemployment rate rises to 8% in Nov: CMIE
The unemployment rate in the urban areas stood at 8.96%, the rural areas saw 7.55% unemployment rate in the month.
Unemployment rate slips to 7.2% in Sept quarter, shows NSO data
The unemployment rate in April to June quarter this year stood at 7.6%, according to the data by the 16th periodic labour force survey (PLFS).
India’s high unemployment is ‘real danger’: Raghuram Rajan
Ex-RBI governor thinks inflation situation is different in India. There are elements of supply chain issues and commodity price rises but the imbalance is due to higher spending by upper-middle-class.
Record 8.8 mn people joined workforce in April
Jobs increased across industry and services sectors. In manufacturing, metals, chemicals and cement added jobs, while in services, retail, hotels and restaurants were the segments that added jobs.
Jobs crisis continues; puts $5-trillion GDP target at risk
Both CMIE and ILO data shows a dramatic drop in India's labour participation rate; over half of the employable population out of the market.
Urban unemployment rate rises to 9.7% in January
CMIE managing director and CEO Mahesh Vyas says though rural unemployment rate has fallen, the quality of jobs both in urban and rural India is deteriorating.
Indian workers: Economic slowdown’s worst casualties?
High unemployment combined with a declining real wage rate in a labour-surplus nation will continue to impose negative effects on components of growth.
‘Inequality has grown enormously everywhere’
In a conversation earlier this year, Banerjee spoke to Fortune India about a host of economic issues, including the performance of Modi 1.0.
