"India Lost Over 1 Crore Jobs In 2018": Congress Slams BJP Citing Report

[Chakar The Great]

NEW DELHI:

The Congress on Sunday targeted the BJP-led Centre over "growing employment" in India, citing a think-tank report to claim that over one crore jobs were lost last year.

Referring to a report by the think-tank Centre for Monitoring Indian Economy (CMIE), Congress spokesperson Manish Tewari alleged that the BJP-led NDA government failed to fulfil its promise of providing two crore jobs every year and that the country lost one crore jobs instead.

"During the 2014 elections, PM Modi had promised ''Acche Din'' (good days), which included (providing) two crore jobs every year. In five years, this sums up to 10 crore (jobs).

"But recently, a reputed think-tank, the Centre for Monitoring Indian Economy (CMIE), released a report on employment. It states that more than one crore people lost their jobs in just one year (2018)," he said.

The Congress leader said according to the report, in December 2017, 40.79 crore people were employed. In 2018, it was reduced to 39.07 crore.

"Which means more than one crore people lost their jobs. It is astonishing that more than 80 per cent of those unemployed were women and more than 90 per cent belonged to rural India," Mr Tewari said citing the report.

He also claimed that India's unemployment rate increased to 7.4 per cent in December 2018.

"This is the highest in a decade. Daily wage labourers and small businesses suffered the most. These are the same who were affected by demonetisation," the Congress leader said.


Mr Tewari also alleged that the Narendra Modi government has failed to understand that distress in society and smooth functioning of economy do not go hand in hand.


Source: NDTV India

 

[DeceptiveEagle]

NEW DELHI:

The Congress on Sunday targeted the BJP-led Centre over "growing employment" in India, citing a think-tank report to claim that over one crore jobs were lost last year.

Referring to a report by the think-tank Centre for Monitoring Indian Economy (CMIE), Congress spokesperson Manish Tewari alleged that the BJP-led NDA government failed to fulfil its promise of providing two crore jobs every year and that the country lost one crore jobs instead.

"During the 2014 elections, PM Modi had promised ''Acche Din'' (good days), which included (providing) two crore jobs every year. In five years, this sums up to 10 crore (jobs).

"But recently, a reputed think-tank, the Centre for Monitoring Indian Economy (CMIE), released a report on employment. It states that more than one crore people lost their jobs in just one year (2018)," he said.

The Congress leader said according to the report, in December 2017, 40.79 crore people were employed. In 2018, it was reduced to 39.07 crore.

"Which means more than one crore people lost their jobs. It is astonishing that more than 80 per cent of those unemployed were women and more than 90 per cent belonged to rural India," Mr Tewari said citing the report.

He also claimed that India's unemployment rate increased to 7.4 per cent in December 2018.

"This is the highest in a decade. Daily wage labourers and small businesses suffered the most. These are the same who were affected by demonetisation," the Congress leader said.


Mr Tewari also alleged that the Narendra Modi government has failed to understand that distress in society and smooth functioning of economy do not go hand in hand.


Source: NDTV India

I think its due to PM IK announcement of giving 1 crore jobs in PAKISTAN ..

 

[Max]

This Report By The CMIE Says India Lost 11 Million Jobs In 2018
by Meenu Katariya


Centre for Monitoring Indian Economy (CMIE), almost 11 million Indians lost their jobs during 2018.[/paste:font]

Source: Business Today
Further analysis of the report showed that the number of unemployed people in India has been increasing steadily. The number of employed people recorded in December 2018 was 397 million, which is 10.9 million less than 407.9 million seen a year ago at the end of December 2017.

Source: IBTimes

One of the major findings of the report is that women were the worst hit by the job crisis. About 8.8 million women lost their jobs in comparison to only 2.2 million men.
Of these around 6.5 million rural women lost their jobs, whereas the figure for urban women was 2.3 million.

Source: Tricity
For men, the findings of the report were quite different. Urban men gained 5,00,000 jobs, whereas rural men lost 2.3 million jobs. The report stated:

"An estimated 9.1 million jobs were lost in rural India while the loss in urban India was 1.8 million jobs. Rural India accounts for two-thirds of India's population, but it accounted for 84 per cent of the job losses."
Overall, the report reveals that most of the job losses were reported from rural areas.

Financial Express

These findings explain the fact that India's unemployment rate shot up to 7.4% in December 2018. This was the highest recorded unemployment rate in the last 15 months.