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India has lost 550 jobs a day in last 4 years: Study

Job creation in India successively slowing down; employment might shrink 7 million by 2050

Press Trust of India  |  New Delhi 

As many as 550 jobs have disappeared every day in last four years and if this trend continues, employment would shrink by 7 million by 2050 in the country, a study has claimed. Farmers, petty retail vendors, contract labourers and construction workers are the most vulnerable sections facing never before livelihood threats in India today, the study by Delhi-based civil society group PRAHAR has said. According to the data released by Labour Bureau early 2016, India created only 1.35 lakh jobs in 2015 in comparison to 4.19 lakh in 2013 and 9 lakh in 2011, the group said in a ...

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First Published: Sun, October 16 2016. 16:28 IST
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