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Joblessness at 45-year high, but NSO adds a caveat

-The Times of India NEW DELHI: A little over 6% of India's labour force was unemployed in 2017-18, the latest year for which government released data on Friday. The unemployment rate is identical to the rate mentioned in a report leaked in January this year, which had showed unemployment to be at a 45-year high. The leaked report had triggered a major controversy, with the opposition parties slamming the government for its...

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New economic numbers set alarm bells ringing -KR Srivats

-The Hindu Business Line Q4 GDP growth is at 5.8%; Joblessness is highest in 45 years Four different macroeconomic data points released on Friday — GDP growth, fiscal deficit, unemployment numbers and core sector data — brought to the fore the enormous challenges the Modi 2.0 team faces in resurrecting the faltering economy and restoring the confidence of investors. The four macro data points — albeit for different periods — present a less-than-optimistic...

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Indians Tend Not To Vote For Development: Study -Benita Chacko

-IndiaSpend.com Bengaluru: Indian voters do not vote on the basis of  development or policies, according to a recent study, confirming the results of the 2019 general elections. Despite a raft of economic woes afflicting the country, ranging from Joblessness to farm distress, the Bharatiya Janata Party (BJP) has swept to power in India, winning 56% of seats. The study, ‘Do Citizens Enforce Accountability For Public Goods Provision?’, by Oxford University scholar Tanushree Goyal...

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Some Myths of Election Analysis - Subodh Varma

-Newsclick.in Like always, several myths are being propagated like – the irrelevance of economic issues or the supremacy of nationalism. But what is the truth? Like all elections everywhere in the world, India’s general election this year too has created its own mythology. Some of it was – understandably – created during the election campaign while some have been generated after the results were out and the BJP-led alliance emerged as a...

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Meanwhile, on the Jobs Front -Subodh Varma

-Newsclick.in Latest CMIE data shows that unemployment rate continues to steadily climb up even as PM Modi and his party try to divert attention by talking about air strikes and ‘national security’. If ever there was a case of “Nero fiddling while Rome was burning” then India today is the best example. The country is going through one of its worst jobs crisis, well documented by several surveys and confirmed by reports...

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