[<<The number of jobseekers in India, rising steadily over the last few months, spiked to 7.1% in the week ended Feb. 25.>>
Here're some interesting snippets on the positions of Indian leaders/parties on job creation and unemployment, in and out of power. I. https://www.businesstoday.in/current/economy-politics/bjp-to-promise-25-crore-jobs-in-its-manifesto/story/204636.html BJP to promise 25 crore jobs in its manifesto Shyamantha Asokan and Rajesh Kumar Singh New Delhi Last Updated: March 26, 2014 | 13:49 IST Snipped II. http://www.freepressjournal.in/india/amidst-rising-unemployment-pm-narendra-modi-gives-india-pakoda-for-thought/1218303 Amidst rising unemployment, PM Narendra Modi gives India ‘pakoda’ for thought — By Ronak Mastakar | Feb 09, 2018 12:37 pm Snipped III. https://economictimes.indiatimes.com/news/politics-and-nation/unemployment-is-one-of-major-challenges-in-india-rahul-gandhi/videoshow/60762846.cms Unemployment is one of major challenges in India: Rahul Gandhi SEP 20, 2017, 01.10 PM IS (Contains a video clip of Rahul Gandhi's interview.) IV. https://www.outlookindia.com/website/story/rising-unemployment-in-india-is-modi-made-disaster-says-rahul-gandhi/303507 27 OCTOBER 2017 Last Updated at 9:25 AM NATIONALNEWS ANALYSIS Rising Unemployment In India Is 'Modi Made Disaster', Says Rahul GandhiOUTLOOK WEB Snipped V. http://www.firstpost.com/india/in-congress-plenary-session-rahul-gandhi-led-party-likely-to-attack-bjp-over-farmer-crisis-unemployment-4375309.html In Congress plenary session, Rahul Gandhi-led party likely to attack BJP over farmer crisis, unemployment India PTI Mar 04, 2018 11:46:04 IST Snipped] https://qz.com/1216899/indias-unemployment-climbs-to-7-at-31-million-and-is-set-to-worsen/ BLEAK OUTLOOK Around 31 million Indians are unemployed, and it will only get worse Sushma U N February 28, 2018 Quartz India Unemployed Indians line up as they try to register themselves at the Employment Exchange Office (EEO) in Allahabad, India, Wednesday, Feb. 29, 2012. The state government office offers job placement to the registered unemployed applicants when positions become available.(AP Photo/Rajesh Kumar Singh) The number of jobseekers in India, rising steadily over the last few months, spiked to 7.1% in the week ended Feb. 25. There are around 31 million unemployed Indians seeking jobs now—the highest since October 2016, according to a report published on Feb. 27 by the Centre for Monitoring Indian Economy (CMIE), a think-tank that tracks business and economic data. After falling to a low of 3.4% in July 2017, unemployment rates have been rising gradually, the CMIE data show. “Given that the recent three weeks have consistently shown unemployment rates at close to 7%, it is possible to infer now that the rate is back to the levels just before demonetisation,” Mahesh Vyas, CEO of CMIE, said in the report. While the absolute unemployment number isn’t alarming, the steady rise is, he added. Unemployment rates fell for a few months after the note ban in November 2016, as jobseekers sat out of the workforce and focused on acquiring new skills instead of waiting to find jobs in a tough economy. During that period, the labour participation rate (the total number of people employed or actively hunting for jobs) hovered between 46% and 48% before demonetisation. By July 2017, it fell to below 43%. Now the CMIE expects it to go past 44% by the end of February 2018. “The labour force has still not recovered entirely, and remonetisation by the Reserve Bank of India (RBI) was not enough to bring labour participation to its earlier levels,” Vyas said. While people are returning to the workforce, there aren’t enough jobs around. “The coming months are not the best for employment,” Vyas said. Activity in rural India will slow down after the rabi crop is harvested and won’t pick up until the kharif season begins in May, he added. In addition to the 31 million unemployed as of Feb. 25, urban India will see a spike in demand for jobs as a fresh batch of college graduates enters the workforce in May. But the number of jobs created in financial year 2018 is an estimated 600,000 -- Peace Is Doable -- You received this message because you are subscribed to the Google Groups "Green Youth Movement" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/greenyouth. For more options, visit https://groups.google.com/d/optout.
