Unprecedented drop in job creation cause for worry

Basole, Amit (2019) Unprecedented drop in job creation cause for worry. Deccan Chronicle.

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Abstract

The question of jobs and employment has been one of the most dominant economic issues of 2018. It is likely to be a central issue in the 2019 elections as well. In our recently released report, State of Working India (SWI) 2018, we have highlighted a concerning rise in the rate of unemployment in the country. In developing countries like India, unemployment is generally low because the majority of the labour force cannot afford to be unemployed, instead they take up any casual work that they can find or they employ themselves (self-employed) in some small business or other. But over the past few years, India’s unemployment rate has been steadily rising from around 3 per cent in 2011 to 5 per cent in 2015 to 7 percent in late 2018. This is unprecedented.

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Basole, Amit

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