What is the current unemployment status in India?

The rise in the unemployment rate comes in the backdrop of the Covid-19 pandemic, which suspended commercial activities for a long time, leading to people losing jobs countrywide.

What is happening to the status of employment in India?

India’s labour force consists of 45.9 crore workers. Out of these, 43.3 crore (94\%) are in the unorganized sector and the remaining 2.6 crore (6\%) are in the organized sector, according to a survey conducted by NSSO.

Did Modi really lower the unemployment rate in India?

But Modi, it must be remembered, had come to power promising to lower the unemployment rate. Unemployment in the Modi years continues to be way above what it was on the eve of economic liberalisation. But that is not all. The unemployment rate in the Modi years has been higher than before Modi came to power.

What has been Modi’s political masterstroke so far?

Fourth, Modi’s political masterstroke has been the announcement of a 10\% quota for weaker economic sections of all castes. While unemployment has always been an issue, no party has offered a credible solution for decades. Not being a policy differentiator, employment has historically shown no correlation with election outcomes.

Is the government in denial about the unemployment situation in India?

NUMEROUS agencies from the Labour Bureau of Shimla to the Centre for Monitoring the Indian Economy to Oxfam have been drawing attention to the grim unemployment situation in India at present. The government however not only continues to be in a denial mode, but has actually suppressed all official statistics that go against its claims.

Why is the unemployment rate so high in India?

NSSO claims this is partly due to a change in methodology giving more weight to educated people, who have always had higher unemployment rates than illiterates. Separately, Centre for Monitoring Indian Economy ( CMIE) surveys have, for two years, shown high unemployment rates, the latest being 7\% for April 2019.