What to Watch Out ForPrime Minister Narendra Modi hits out at leaked NSSO report showing highest unemployment rate in four decades
Facing allegations of a rising rate of unemployment, Prime Minister Narendra Modi in the Lok Sabha session on Thursday hit out at the opposition claiming that the government had created crores of jobs in the formal and informal sectors.
The PM’s defence came days after a leaked National Sample Survey Office (NSSO) report showed that the rate of unemployment is at a 45-year high. Two members of the National Statistics Commission had even resigned over the it, alleging that the government had suppressed it. Report highlights: The leaked NSSO report which appeared in The Business Standard on January 31, ahead of the Budget 2019 announcement, pegged the rate of unemployment at 6.1 percent in 2017-2018.
The first survey on unemployment since Modi took up office, the report noted that unemployment among youth was at a higher level compared to previous years and “much higher compared to that in the overall population".
The labour force participation rate, which is the proportion of population working or seeking jobs, declined from 39.5 percent in 2011-12 to 36.9 percent in 2017-18.
And more among the educated were jobless in 2017-18 than they were in 2004-05.The defence: The Prime Minister rejected the report’s findings in the Lok Sabha on Thursday and said that the informal sector contributes to 85-90 percent of jobs while the formal sector only provides 10-15 percent employments.
Backing these claims with data from provident fund and National Pension System (NPS), Income Tax filings and sale of vehicles among others, the PM said that there is no “correct system" of collecting job data at present and his government is trying to put one in place.
Opposition strikes: Opposition parties including the Congress have made the issue of unemployment the linchpin in their campaigns. In several rallies in the past week and over social media, the Congress chief accused the Modi government of not fulfilling his promise- before coming to power-of providing two crore jobs.
“The Fuhrer promised us 2 crore jobs a year. 5 years later, his leaked job-creation report card reveals a national disaster. Unemployment is at its highest in 45 years; 6.5 crore youth are jobless in 2017-18 alone. Time for NoMo2Go (Modi to go)," Gandhi wrote in a tweet soon after the NSSO report came out.
Other leaders in rival parties like Samajwadi Party leader Akhilesh Yadav had also slammed the ruling party for presenting “fake data" employment saying that they had “ruined the country".While they argue, we march: Meanwhile, on Thursday thousands of students across the country took to the streets to demand better employment and educational opportunities.
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