Data not finalised, says Niti Aayog about report on unemployment rising

Unemployment rate in India rises to all time high in last 45 years

The Niti Aayog's clarification came a day after a Busines Standard report, based on the government survey, suggested that unemployment in the country was at a 45-year-high during 2017-18.

The gloomy jobs data could be awkward for Modi's Hindu nationalist government to explain with a general election looming and opinion polls already showing the ruling Bharatiya Janata Party unlikely to keep its parliamentary majority. "It is incorrect to compare the data with 2011-12".

This is the same stance the government adopted when GDP back-series data was released by a sub-committee of the National Statistical Commission (NSC) previous year.

Niti Aayog CEO Amitabh Kant recounted the major problems facing our economy.

In a scathing attack on the Narendra Modi-led government, Congress president Rahul Gandhi said that the data revealed a "National Disaster". "It is not correct to use this report as final", Kumar said.

The acting chairman of the National Statistical Commission and another member who reviewed the jobs data resigned this week, citing a delay in the survey's release.

India's unemployment rate hit a 45-year-high of 6.1 per cent in 2017-18, as per the National Sample Survey Office's (NSSO's) periodic labour force survey (PLFS) of the Ministry of Statistics and Programme Implementation.

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"You can't be growing at 7.2 per cent and say no jobs are being created".

The commission's back-series calculation showed that the Indian economy grew at a much faster pace under Manmohan Singh's UPA government compared to Modi's NDA, and that it registered double-digit growth in two years - 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11.

The CPI (M) has alleged that the latest NSSO data on employment had been suppressed by the government as it showed joblessness had reached a four-decade high post-demonetisation and demanded that all such data be released immediately.

"This suppression of data is a clear admission on the part of the Modi government that its policies have resulted in greater misery for our people".

According to the report, accessed by Business Standard, the unemployment rate was at its highest level since 1972-73. If the report is made public, and if it does show that unemployment peaked in the aftermath of the note ban, it will deflate the government's relentless attempt to give the drastic measure a positive spin.

A report released by the All India Manufacturers' Organisation said last month 3.5 million jobs had been lost since 2016, mainly due to demonetisation and rising working costs after the launch of the national tax.

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