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Unemployment Hits 45-year-high In India

1/31/2019 3:58:04 PM
written By : Team India Se Print

India's unemployment rate hit a 45-year-high of 6.1 per cent in 2017-18, the Business Standard reported quoting the National Sample Survey Office's (NSSO's) periodic labour force survey.

This is the highest level of unemployment since 1972-73.

The report further said unemployment was higher in urban areas (7.8 per cent) than rural areas (5.3 per cent).

The NSSO report has been at the centre of controversy after the acting chairman of the National Statistical Commission (NSC), PC Mohanan, and another independent member of the commission, JV Meenakshi, resigned this week, complaining about the delay in the release of the findings.

India’s economy has been expanding by 7 per cent plus annually — the fastest pace among major economies — but the uneven growth has meant there are not enough jobs created for millions of young Indians entering the workforce each year.

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