India's unemployment rate hit 45-year high in 2017/18: report - News Summed Up

India's unemployment rate hit 45-year high in 2017/18: report


The assessment by the National Sample Survey Office conducted between July 2017-June 2018, showed the unemployment rate stood at 6.1 percent, the highest since 1972-73, the newspaper reported. The report said that joblessness stood at 7.8 percent in urban areas compared with 5.3 parts in the countryside. I do not want to comment on it,” Pravin Srivastava, India’s chief statistician told Reuters. But, while India’s economy has been expanding by 7 percent plus annually — the fastest pace among major economies — its uneven growth has meant that there are not enough new jobs to keep pace. The head of the government-funded National Statistical Commission PC Mohanan said on Wednesday that he and colleague J. Meenakshi were unhappy at the non-publication of jobs data that had been due for release in December.


Source: bd News24 January 31, 2019 09:22 UTC



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