This survey also shows how things have moved forward since the last large-scale sample survey conducted by NSSO in 2012-13
India's unemployment rate fell to a six-year low of 3.2 per cent in the July-June 2022-23 period, down from 4.1 per cent in the same period the previous year, according to the latest annual Periodic Labour Force Survey (PLFS) report. The report, released by the National Statistical Office (NSO) on Monday, showed a decline in unemployment rates in both rural and urban areas during the 2022-23 period to 2.4 per cent and 5.4 per cent, respectively, from 3.2 per cent and 6.3 per cent in the 2021-22 period. The unemployment rate for rural women (1.8 per cent) was lower than that for rural men (2.7 per cent) in 2022-23; in urban areas, the rate was higher for females (7.5 per cent) compared to males (4.7 per cent).
Niti Aayog vice-chairman Rajiv Kumar debunked claims of jobless growth, saying how can a country grow at an average of 7 per cent without employment.
India's urban unemployment rate declined in Q4FY23 to 6.8 per cent - the lowest in over four years -- after it stagnated at 7.2 per cent in the previous October-December quarter, reflecting improvement in the labour market, according to the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on Monday. The unemployment rate in current weekly status (CWS) terms for all ages in the March quarter was the lowest recorded in more than four years, from the time the NSO released India's first quarterly urban jobless rate for the December quarter in 2018. The jobless rate in urban areas had been on a continuous decline since the peak of 20.8 per cent in the April-June quarter of FY21.
The survey covered 47,535 households in rural areas and 36,065 households in urban areas.
While overall employment rose from 456 mn to 463 mn between FY11 and FY15, with farm employment falling by 26 mn over the same period, the net addition to employment over the entire four year period was a mere 7 mn.
The statement comes in the wake of two independent members of the NSC, P C Mohanan and J V Meenakshi, quitting the Commission over disagreements with the government on the back-series GDP data and delay in release of labour force survey. Mohanan was also the acting chairperson of the Commission.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
'The linking of Aadhaar to births and deaths will revive the debate around citizenship.'
Most economists were of the view that the NSSO should release the data, as any move to withhold it will dent the image of country's statistical system.
The problem of unemployment is spread across the economy.
The report on 'Household Social Consumption: Education in India as part of 75th round of National Sample Survey -- from July 2017 to June 2018' provides for state-wise detail of literacy rate among the persons aged seven years and above.
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.
More than 70 per cent of Indian youth aged between 15 and 29 can't!
The substantially increased economic dualism may exert lasting negative influences which could include a reduced potential for economic growth; the persistence of a very weak employment and poverty situation; rising social and political discord; and heightened vulnerability to geopolitical challenges, cautions Shankar Acharya, former chief economic adviser to the Government of India.
Crisil Research expects retail inflation to rise 60 basis points to 4 per cent this fiscal from 3.4 per cent in 2018-19.
'When manufacturing or even services cannot generate the kind of employment they are looking for, they prefer to be unemployed rather than under-employed.'
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Between FY05 and FY12, rural poverty declined at 2.3 per cent per annum and urban at 1.69 per cent.
The country's demographic dividend is dissipating, with seriously adverse consequences for young India, asserts Shankar Acharya, former Chief Economic Adviser to the Government of India.
In the run-up to the polls, a survey has revealed that better employment opportunities is the single most important issue for citizens and that the government has fared below average in this aspect.
The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.
'When you do some job for a few hours, you are hardly earning enough to survive.'
The most important institutions have been and are being undermined with almost no resistance, warns Aakar Patel.
108 economists, social scientists said it was imperative that agencies like CSO and NSSO are not subject to political interference.
'Without a poverty line, how are we to know whether poverty is the same, or it has come down or it has gone up?'
'A growth of above 7 per cent when the fundamentals of the economy are becoming stronger still makes India the fastest growing large economy.'
Unless we bring about substantive changes, we cannot expect to alter the current situation where low-productivity and low-wage jobs dominate the landscape, the government think-tank observes.
The Congress president tagged a Business Standard story which cited a report which said the unemployment rate is highest in 45 years.
Most employment surveys suffer from drawbacks such as limited data coverage, infrequent data collection, and time lag
'This isn't political. This fight is for justice. This is the fight to give justice to the party workers'
If people can lobby me for making changes in policies that goes against the country's interest, I won't keep myself in this position, says the vice chairman of NITI Aayog.
The pace of retail price rise in January 2016 is the highest since 6.46 per cent in September 2014.
According to NSSO, more than half of India's working-age population is out of labour force. In 2017-18, the youth unemployment rate was in the range 13.6-27.2 per cent.
Facing opposition fire for exit polls allegedly being used for stock market manipulation, Axis My India's chief Pradeep Gupta has said he is open to facing all kinds of investigations and it would help do business in a much better way if the government frames specific regulations for pollsters.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
The new numbers clearly had very different implications.
A new paper by blames 'jobs deficit' for the decline in female labour force.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
In keeping with the Trusts' objectives, the initiative was underpinned by an attempt to determine how over-nutrition was impacting citizens at a mass scale.
More than 157 million Indians watched at least one film in the theatre in 2023.
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