NSSO Survey Report: India sees major unemployment since 45 years

New Delhi : According to a newspaper report quoting a government survey, India’s unemployment rate rose to a 45-year high during 2017-2018. The assessment by the National Sample Survey Office (NSSO Survey Report) conducted between July 2017-June 2018, showed the unemployment rate stood at 6.1 percent, the highest since 1972-73, the newspaper reported.

Citing the report, the Congress president tweeted: “NoMo Jobs! The Fuhrer promised us 2 crore jobs a year. 5 years later, his leaked job creation report card reveals a National Disaster. Unemployment is at its highest in 45 years. 6.5 crore youth are jobless in 2017-18 alone. Time for NoMo2Go. #HowsTheJobs”

The unemployment rate in the country in 2017-18 was the highest in the last 45 years as per the survey. Periodic Labor Force Survey of National Sample Survey Office, India has recorded unemployment rate of 6.1% in 2017-18, which is the highest in the last 45 years.

This week, two members of the National Statistical Commission had resigned from their post due to alleged non-publication of the report by the government. This report has not been made public yet.

This is the first survey of unemployment after the announcement of the demonetization in 2016 by the Modi government. Data for this survey has been taken between July 2017 and January 2018. Based on the document being reviewed, it has been found that since 1972-73 it is the highest rate of unemployment till date.

According to the survey, during the second term of UPA, the unemployment rate in 2011-12 was 2.2 percent. The report shows that the unemployment rate among the youth is highest. Unemployment rates have increased from 15 to 29 years in rural areas to 17.4 from 2011-12.

While the unemployment rate among women in rural areas has increased from 4.8 percent to 13.6 percent. According to the Business Standard claiming the NSSO Survey Report, the youth are now working out in search of work instead of working in the agriculture sector as they are unable to get reasonable wages in the work of agriculture.

It has been reported in the report that the rate of unemployment among educated people has also increased rapidly. In the matter of 2017-18 compared to 2004-05, the graph has gone up. The unemployment rate in educated women was 15.2 percent in 2004-05, which has increased to 17.3 percent in 2017-18. Similarly, the unemployment rate among the educated men of cities has increased from 3.5-4.4 percent in 2011-12 to 10.5 per cent in 2017-18.

The government had clarified in this matter that the National Sample Survey Office was processing quarterly data for the period from July 2017 to December 2018. After this the report will be released. At the same time, the Ministry also said that considering the strong demographic benefits of India and about 93% of the workforce in the unorganized sector, it is necessary to improve the standards of employment through administrative statistics.

It has been said that in this direction, the Ministry has started issuing estimates of the members of big social security schemes and new shareholders like Employees Provident Fund, Employees State Insurance Scheme and National Pension Scheme.

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