Busting The Myth Of Jobless Growth: Jobs Created Have Been Higher Than People Entering Labour Force
Busting The Myth Of Jobless Growth: Jobs Created Have Been Higher Than People Entering Labour ForceWorkers 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.

From 2009 to 2016, the average annual rate of growth of job creation has been 3.2 per cent, higher than the average pan-India rate of growth of job seekers, which stood at 2.4 per cent.

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.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber