Insta
Busting The Myth Of Jobless Growth: Jobs Created Have Been Higher Than People Entering Labour Force
Workers busy polishing diamonds at a factory in Dahisar (Satish Bate/Hindustan Times via Getty Images)
The general perception over the last several years has been that India is facing jobless growth. However, it has come to light, in a Mint report, that employment opportunities actually outnumbered job seekers in the period extending from 2009-10 to 2015-16 – contrary to the perception.
According to Labour Bureau’s data, 75 million jobs were created in this period, against the 61 million who joined the job search. With “employment opportunities outnumbering job seekers by 23%, the rate of unemployment also declined,” said the report.
Interestingly, despite the availability of job opportunities across India, state-wide differences are significant. Also, in some cases, the number of jobs exceeded the number of job seekers because of a decline in labour and workforce participation rate for females.
R Gopalan and M C Singhi, the authors of the Mint report, recommend creation of strategies that help improve the female labour force participation rate, increase the ratio of female to male job seekers, and create supplementary opportunities for the self-employed.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
