Page 2 - Mahesh Vyas

Big enterprises are better employers

Average wages paid by listed companies is more than twice the salaries paid by other enterprises

Rural sentiments upbeat in November

The consolidation of consumer sentiments in November rests upon an expectation that the economy will do well in the near- and medium-term future

Smart pickup in good jobs

The estimated 0.7 million additional jobs created by listed companies may easily more than offset the recent layoffs seen in tech companies

Minorities face little bias in labour markets

The major religious minorities - Muslims and Christians - have withdrawn from the labour markets more than the majority faith. But again, the difference is not alarming

Consumer sentiments to sustain elevated levels

Sentiments have neither collapsed, nor have they stepped down after the festive season. They seem to have sustained the elevated levels they had achieved during the festive season

Salaried jobs recover

Salaried jobs declined from 86 million in September 2022 to 84.7 million in October

Meghalaya's lofty female LPR

Meghalaya and Tripura top in terms of the labour participation rate and the employment rate. At over 60%, Meghalaya has the highest LPR

Rajasthan's Shehri Rozgar Guarantee Yojana

Rajasthan has a high unemployment rate of around 25%. In September 2022, the unemployment rate was 23.8%

When data faces reality

The employment reality is grimmer than what the household survey data tell us. This is true for Chhattisgarh as much as it is for Uttar Pradesh. And, also for other states

Festive cheer lifts consumer mood

While consumer expectations grew in both rural and urban regions, the rate of increase was much higher in urban than in rural areas

India's unemployment rate of 6.4% in September is the lowest in four years

It was rural India that made the bigger con­tri­bution to the turnaround in labour conditions

Haryana's superior quality of employment

Haryana is a rich state with a relatively high per capita income. People here are therefore apparently less willing to take up informal employment in the unorganised sector

Haryana's stormy labour markets

According to its Economic Survey, in 2021-22, Haryana's per capita net state domestic product at Rs 2,74,635 was nearly twice the national average of Rs 1,50,326

Employment fell in August 2022

This rise in the unemployment rate reflects the inability of the economy to provide adequate jobs at a time when the demand for jobs from people increased

Households hesitant to spend

Rural India's steep fall in willingness to spend on consumer durables and urban India's scepticism regarding their future well-being is worrisome

India's low youth employment rate

The 15-24 years age group has a relatively low labour participation rate (LPR). Between 2016-17 and 2021-22, while the average was 42.6%, the LPR for the youth was much lower at 22.7%

Rural stress

Most of the souring of sentiments emanated from rural India. It is likely that the principal reason for this is the behaviour of the southwest monsoon

Education as disguised unemployment

As the labour market is unable to absorb new labour, the composition of the workforce (those who are employed) is increasingly ageing

Rains key to consumer sentiments now

The recovery of consumer sentiments in rur­al India in July is likely a reflection of the improved economic prospects of the agricultural sector

A partial recovery in July

Labour statistics for July show that a recovery did indeed take place in rural India. But, this has turned out to be grossly inadequate