Business Standard

The other side of India's jobs story

The bigger problem is the nature of employment, rather than unemployment, and the realistic solution could be fostering farm-related enterprises

Illustration: Binay Sinha

Illustration: Binay Sinha

T N Ninan
The official figures say unemployment is less than 3 per cent. The Centre for Monitoring Indian Economy, using a different definition, puts it closer to 7 per cent. These may be correct in a technical sense, but are the wrong numbers to focus on.
Because only about 58 per cent of our population in the working age group of a billion people, actually works. This is up from 52 per cent, but a lot of the increase is of women doing unpaid work, or people falling back on farming. In any case, it was around 65 per cent in the past,

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First Published: Mar 19 2024 | 10:00 PM IST

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