India lost 11 million jobs in 2018, rural areas worst hit: CMIE

-BusinessToday.in

The analysis report showed individuals from vulnerable groups, namely women, uneducated, wage labourers, agricultural labourers and small traders, being the worst hit by job losses in 2018.

Job scenario turned bleak in the past year, as almost 11 million Indians lost their jobs during 2018, a report by the Centre for Monitoring Indian Economy (CMIE) said. The analysis report showed individuals belonging to vulnerable groups being the worst hit by job losses in 2018.

The CMIE report showed that the number of unemployed has been steadily increasing in the country. The number of employed recorded in December 2018 was at 397 million, which is 10.9 million less than the figure of 407.9 million seen a year ago at the end of December 2017.

A closer observation of the unemployment trends shows that while people in both rural and urban India have been hit, most of the jobs losses were reported from former region. "An estimated 9.1 million jobs were lost in rural India while the loss in urban India was 1.8 million jobs. Rural India accounts for two-thirds of India's population, but it accounted for 84 per cent of the job losses," the report stated.

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BusinessToday.in, 4 January, 2019, https://www.businesstoday.in/current/economy-politics/india-lost-11-million-jobs-in-2018-rural-areas-worst-hit-cmie/story/306804.html?fbclid=IwAR3UkKa85oLxY-BXZV_O7v

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