Govt Running Away From Unemployment Problem, It Should Accept Our Data, Work on Solution: CMIE скачать в хорошем качестве

Govt Running Away From Unemployment Problem, It Should Accept Our Data, Work on Solution: CMIE

Halfway done for the year but both growth and employment remain on a sticky wicket. While the IMF has recently downgraded India’s growth outlook from 12.5 per cent to 9.5 per cent for this year fiscal 2021-22, deep damage appears to be visible on unemployment. In conversation with Mitali Mukherjee, CMIE’s Mahesh Vyas pointed out that in the last 7 years, the Government has been unable to collect unemployment data - it was best they gave up the attempt and engaged with the private sector data that is available, to work on employment solutions instead of criticizing the data. Mr Vyas pointed to the dipping labour participation rate. It stood at 40% in May and fell to 39.6% in June and said that by 2022, there will be 3 batches of graduates amongst the youth hitting a labour market where investments are poor. Wages are going to be further depressed and the labour participation rate may fall even further. The worst problem for India’s demographic dividend has been the decimation of employment opportunities for women. CMIE’s estimate of female labour participation is as low as 10 to 11%, while PLFS says it has increased from 24.5 per cent in 2018-19 to 30.0 per cent in 2019-20. Like our work? Click here to support The Wire: https://thewire.in/support The founding premise of The Wire is this: if good journalism is to survive and thrive, it can only do so by being both editorially and financially independent. This means relying principally on contributions from readers and concerned citizens who have no interest other than to sustain a space for quality journalism. As a publication, The Wire will be firmly committed to the public interest and democratic values. We publish in four different languages! For English, visit www.thewire.in for Hindi: http://thewirehindi.com/ for Urdu: http://thewireurdu.com for Marathi: https://marathi.thewire.in If you are a young writer or a creator, you can submit articles, essays, photos, poetry – anything that’s straight out of your imagination – to LiveWire, The Wire’s portal for the young, by the young. https://livewire.thewire.in/ You can also follow The Wire’s social media platforms and engage with us. Facebook   / thewire     / thewirehindi     / thewireurdu     / thewiremarathi   Twitter   / thewire_in     / thewirehindi     / thewireurdu     / thewiremarathi     / livewire   Instagram   / thewirein     / livewirein   Don’t forget to hit the subscribe button to never miss a video from The Wire!