Page 13 - Unemployment In India

Tourism has highest job creating potential across sectors: G Kishan Reddy

Reddy also said that the tourism industry has a unique impact on a country as it not only acts as a massive growth engine but also enhances the soft power of a nation.

Consumer sentiments improve in July

The July recovery in consumer sentiments is not only substantial but it is also spread evenly and robustly across regions

Unemployment rate rose to 13.3% in July-September 2020: NSO survey

Unemployment rate rose to 13.3 per cent in July-September 2020 as compared to 8.4 per cent in the year-ago period, according to a periodic labour force survey by the National Statistical Office

Women unemployment rate falls to 4.2% in 2019-20 from 5.1% in 2018-19

Unemployment rate for women fell to 4.2 per cent in 2019-20 from 5.1 per cent in 2018-19, according to Periodic Labour Force Survey (PLFS) conducted by National Statistical Office

Employment recovery expected in July

But, the recovery was incomplete because the employment rate, which is the working age population that is employed, never repaired with its pre-Covid levels

Subdued sentiments threaten recovery

The index of consumer sentiments fell by 1.5 per cent in June 2021 after having fallen by 10.8 per cent in May and 3.8 per cent in April 2021

Mobility is not enough

It is possible that the mobility indices have moved because of the relaxations. Labour participation rates have improved

Covid impact on income: Over 22 million lost their jobs in just 2 months

Over 22 million Indians lost their jobs in the months of April across the country due to the second wave of Covid-19. Watch Mahesh Vyas, Head, Centre for Monitoring Indian Economy, talk about the impact of coronavirus pandemic on the livelihood of citizens in this video

Rahul Gandhi attacks PM Modi on GDP, rising unemployment, vaccine shortage

Congress leader Rahul Gandhi on Tuesday attacked Prime Minister Narendra Modi over the adverse GDP and unemployment figures and raised the issue of "shortage" of drugs for treating black fungus

Can the rich help?

The recovery cannot be investments-led because most enterprises are nursing excess capacities

97% Indians poorer post-Covid; steady fall in salaried jobs: Mahesh Vyas

Centre for Monitoring Indian Economy CEO Mahesh Vyas explains whether India's economy can make another quick recovery

Double-digit unemployment rate makes a return

The unemployment rate touched 14.5 per cent in the week ended May 16, 2021

Covid-19: Depleting savings, falling incomes leave millions poor in India

Many economists are cutting their forecasts for the current fiscal year as rising unemployment and dwindling savings dim the chances of a double-digit growth

Manufacturing employment nearly half of what it was five years ago

Manufacturing accounts for nearly 17% of India's GDP, but the sector has seen employment decline sharply in last 5 years - from employing 51 million Indians in 2016-17 to reach 27.3 million in 2020-21

Pessimism on the rise: Consumer sentiment weakens in April amid Covid surge

Consumer sentiments have been battered particularly badly during the last three weeks

Adrift in April

Low employment rates and low labour participation rates leave enough people free to participate in endless political rallies and mammoth religious congregations

Households wary of discretionary spending

The RBI Current Situation Index has been negative in all surveys conducted in the past four years except the one in March 2019

Savings and sentiments in the recovery process

The March 2021 RBI Bulletin states that household financial savings in India shot up to 21% of GDP in the first quarter of 2020-21

Avoid a fresh lockdown

The livelihoods cost of a lockdown is too high. Average household incomes fell by 9.2% in March 2020 and by 27.9% in April 2020 as a result of the lockdown. The impact of that brutal lingers

One year since lockdown: India still recovering from unemployment blow

India is still not out of the woods as far as unemployment is concerned after a year when the lockdown was imposed on March 25 last year as pandemic-induced job loss has not tapered off consistently