Mahesh Vyas

All stories by Mahesh Vyas

India lost 21 million jobs in the Covid lockdown

India lost 21 million jobs in the Covid lockdown

Rediff.com16 Sep 2020

There were 86 million salaried jobs in India during 2019-2020. In August 2020, their count was down to 65 million. The deficit of 21 million jobs is the biggest among all types of employment, points out Mahesh Vyas.

Jobs for youngsters dwindle in slowing economy

Jobs for youngsters dwindle in slowing economy

Rediff.com8 Sep 2020

'The 20 to 24 age group accounted for 35% of job losses till July.' 'The 25 to 29 age bracket account for 46% of all job losses,' reveals Mahesh Vyas.

Loss of Salaried Jobs in Lockdown: 17 million

Loss of Salaried Jobs in Lockdown: 17 million

Rediff.com2 Sep 2020

'Loss of these urban salaried jobs is, therefore, likely to have a particularly debilitating impact on the economy, besides causing immediate hardship to middle-class households,' points out Mahesh Vyas.

18.9 million salaried employees lost jobs in lockdown

18.9 million salaried employees lost jobs in lockdown

Rediff.com21 Aug 2020

While salaried jobs are not lost easily, once lost they are also far more difficult to retrieve. Therefore, their ballooning numbers are a source of worry, notes Mahesh Vyas.

An economic recovery is underway, but...

An economic recovery is underway, but...

Rediff.com14 Aug 2020

The recovery momentum could be petering out well before the recovery is complete, notes Mahesh Vyas.

Jobs: Lockdown hit young, women most

Jobs: Lockdown hit young, women most

Rediff.com7 Aug 2020

While the lockdown hit employment in all age groups, it hit the employment of youngsters who are less than 29 years of age much more. The lockdown also hit women more than it has affected men, reveals Mahesh Vyas.

Jobs return to urban India at last

Jobs return to urban India at last

Rediff.com5 Aug 2020

The employment that is returning is mostly essential services required by Indian households. Most urban Indian households cannot function without a retinue of maids, cooks, drivers, cleaners, notes Mahesh Vyas.

Work has begun in urban India, but, differently

Work has begun in urban India, but, differently

Rediff.com16 Jul 2020

'Usually, urban wage rates are 50 per cent higher than rural wage rates. But, this could be narrowing very rapidly now,' points out Mahesh Vyas, CEO, Centre for Monitoring Indian Economy.

Hurrah! Unemployment rate falls sharply as India unlocks

Hurrah! Unemployment rate falls sharply as India unlocks

Rediff.com24 Jun 2020

'People are getting back to work.' 'The worst seems to be over.' 'It is very likely that the recovery is mostly among the informal, self-employed, workers who cannot afford to be away from work for too long,' notes Mahesh Vyas.

122 million jobs have been lost because of the lockdown

122 million jobs have been lost because of the lockdown

Rediff.com20 May 2020

'Over 27 million youngsters in their 20s lost their jobs in April.' '33 million men and women in their 30s lost jobs in April,' points out Mahesh Vyas.

For many, this is not a lockdown, but a knockout

For many, this is not a lockdown, but a knockout

Rediff.com23 Apr 2020

'The economic impact of this lockdown is evidently huge.' 'Its impact on the livelihood of vulnerable sections of the society is immeasurably bigger,' observes Mahesh Vyas.

In India, jobs the biggest casualty of coronavirus

In India, jobs the biggest casualty of coronavirus

Rediff.com25 Mar 2020

'The impact of economic shocks on the labour markets is usually on the young who delay their entry in response to a fall in job opportunities,' says Mahesh Vyas.

India has 76 million entrepreneurs!

India has 76 million entrepreneurs!

Rediff.com19 Feb 2020

'Wage earners are shrinking. In both, the organised and unorganised sectors. And, entrepreneurs are growing.' 'But the increase in entrepreneurship is of a kind that does not create salaried employment or daily wage employment,' says Mahesh Vyas.

A fragile economy can't afford social strife

A fragile economy can't afford social strife

Rediff.com28 Jan 2020

Neither the CAA nor the proposed NRC are important enough to stake the well-being of so many or stake economic growth. Getting growth back on track is more important, notes Mahesh Vyas.

Beware! Economy headed for greater trouble

Beware! Economy headed for greater trouble

Rediff.com13 Dec 2019

'The large scale and widespread shrinking of the labour force in November, the peaking of unemployment in October and the fall in lead indicators in October and November point towards a worsening of the slowdown of the Indian economy in the third quarter of 2019-20,' says Mahesh Vyas.

What matters is employment, not unemployment

What matters is employment, not unemployment

Rediff.com25 Nov 2019

'The high unemployment rate being witnessed today is not only the highest in three years but is far more debilitating for the economy than the similar unemployment rates witnessed in 2016,' says Mahesh Vyas.

The truth behind India Inc's wage 'rise'

The truth behind India Inc's wage 'rise'

Rediff.com8 Nov 2019

'The 5.3% growth in wages per employee is the lowest growth in nine years,' points out Mahesh Vyas.

Jobs data: Less ambiguity likely

Jobs data: Less ambiguity likely

Rediff.com11 Jun 2019

Users of employment / unemployment statistics can enjoy the benefits of -- initially the speed of private enterprise and then, the stamp of official statistics with a hopefully small time lag, says Mahesh Vyas.

Jobs, the most important issue among voters this election

Jobs, the most important issue among voters this election

Rediff.com6 May 2019

It keeps getting harder every day for the government to drive its narrative that ample jobs are being created. They sound increasingly silly as they try to defend the indefensible, says Mahesh Vyas.

Frying pakoras or becoming chowkidars is nobody's life ambition

Frying pakoras or becoming chowkidars is nobody's life ambition

Rediff.com3 Apr 2019

The BJP needs to worry about the kinds of professions it has landed up glorifying -- chai vendors, pakora vendors and now guards. These are not professions that any one of its voters would like to cherish, points out Mahesh Vyas.

There is only one way to measure employment

There is only one way to measure employment

Rediff.com28 Mar 2019

It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.

How India's demographic dividend is being eroded

How India's demographic dividend is being eroded

Rediff.com24 Feb 2019

Rural and urban regions present different labour participation and employment levels. These differences also are not tuned to India exploiting its demographic dividend, says Mahesh Vyas.

Melas, rallies and the problem of unemployment

Melas, rallies and the problem of unemployment

Rediff.com31 Jan 2019

If everyone had decent meaningful jobs, the rally maidans would be largely empty and, save for the Akhara babas and curious foreigners and the devout senior citizens, not very many would spare time for the Kumbh Mela, says Mahesh Vyas.

SHOCKING! 11 million jobs were lost in 2018

SHOCKING! 11 million jobs were lost in 2018

Rediff.com15 Jan 2019

The 30-day moving average of the unemployment rate had climbed up much ahead by January 6, to 7.8%, says Mahesh Vyas.

10 million jobs: Was it a promise or a 'chunavi jumla'?

10 million jobs: Was it a promise or a 'chunavi jumla'?

Rediff.com21 Dec 2018

The key to job creation is to increase labour participation - draw more people into the labour force and to provide them formal jobs in the organised sectors. Self-employment is not job creation, says, Mahesh Vyas.

What the kanwariya yatra tells us about jobs situation

What the kanwariya yatra tells us about jobs situation

Rediff.com23 Aug 2018

Can 3 crore out of the 8.9 crore young male population of the nine states set off on a pilgrimage that extends for about a month? If yes, then what can we infer regarding the state of the young working population in these states, asks Mahesh Vyas.

Arithmetic behind PM's 10 mn job claim is flawed!

Arithmetic behind PM's 10 mn job claim is flawed!

Rediff.com31 Jul 2018

The independent institute advising the PM on jobs seems to have missed the point that the challenge is to create net additional jobs, says Mahesh Vyas.

Employment stagnates in 2017-18

Employment stagnates in 2017-18

Rediff.com24 Jul 2018

The labour force fell from 43.97 crore in 2016-17 to 42.61 crore in 2017-18

Did India actually create 7 million jobs in 2017-18?

Did India actually create 7 million jobs in 2017-18?

Rediff.com5 Mar 2018

'If the 7 million estimate is true, then either our understanding of the past was all wrong or the economy has changed dramatically but so surreptitiously that we did not even notice it,' says Mahesh Vyas.

2 reasons why Budget 2018 is indeed populist

2 reasons why Budget 2018 is indeed populist

Rediff.com16 Feb 2018

The Union Budget seems to have elicited a starkly opposite view from rural India compared to urbanites, says Mahesh Vyas.

A ray of hope amid the gloom in job market

A ray of hope amid the gloom in job market

Rediff.com24 Jan 2018

Hopefully, the small recovery in the labour force and employment seen in the September-December 2017 wave will gather momentum in the coming waves, says Mahesh Vyas.The challenge, says Mahesh Vyas, is to find the corresponding jobs for these aspirants.

In November, Modi's dream of achche din finally became true

In November, Modi's dream of achche din finally became true

Rediff.com12 Dec 2017

More people felt optimistic about their economic condition in November than in the same month a year ago, says Mahesh Vyas.

Why is unemployment in India so 'volatile'?

Why is unemployment in India so 'volatile'?

Rediff.com15 Nov 2017

'In India, a large proportion of the labour force does not have a regular job.' 'People are mostly employed as daily wage workers, agricultural labourers, small farmers and self-employed traders.' 'These move in and out of "jobs" fairly rapidly.' 'It is the high proportion of these workers in India that makes unemployment volatile,' explains Mahesh Vyas.

The truth about India's jobs situation

The truth about India's jobs situation

Rediff.com6 Oct 2017

There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.

The truth about India's jobs situation

The truth about India's jobs situation

Rediff.com5 Oct 2017

There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.

Unemployment is rising. It's a good sign!

Unemployment is rising. It's a good sign!

Rediff.com5 Sep 2017

Rising unemployment rate reflects a rise in the labour participation rate, which in India's case has been worryingly low.

Why have the young stopped looking for jobs?

Why have the young stopped looking for jobs?

Rediff.com21 Aug 2017

'Of the 9.5 million unemployed who stopped looking for jobs, nearly seven million were young.' 'Is it possible that the young decided to continue with studies rather than look for jobs?' asks Mahesh Vyas.

This is the lowest unemployment rate recorded!

This is the lowest unemployment rate recorded!

Rediff.com14 Aug 2017

As of the week ended July 2017, the unemployment rate was 3.1 per cent. This is the lowest unemployment rate recorded. Rural unemployment was also very low at 2.8 per cent.

Mr Modi, where are the 10 million jobs you promised?

Mr Modi, where are the 10 million jobs you promised?

Rediff.com31 May 2017

It is necessary that at least three million additional jobs (if not more) are created every year to ensure that there isn't an increase in the stock of unemployed, says Mahesh Vyas.

Women suffer a higher unemployment rate

Women suffer a higher unemployment rate

Rediff.com11 Apr 2017

Violence is just too stark, too TRP friendly and so it gets a lot of attention in the media. But the crime of discrimination is much worse because it is much greater, it attracts no attention and it has no recourse, says Mahesh Vyas.

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