Unemployment on the rise according to CMIE report
Unemployment figures in the last four years of the Modi government have broken the previous record in February this year. Unemployment has increased tremendously across the country compared to September 2016 and February 2018. According to data released by Central For Monitoring Indian Economy (CMIE), the unemployment figure reached 7.2 percent in February 2019. The figure was 5.9 per cent in February last year.
People removed from jobs
According to the report, where 40.6 crore people were working in the last year, in February this year only 40 crore remained. According to this, about 60 lakh people became unemployed between 2018 and 2019.
CMIE figures are reputable
The data released by CMIE is much believed than other sources. Most economists believe in the report rather than the figures issued by the government. People believe that after the release of this report, Prime Minister Narendra Modi’s government can come under pressure. Opposition parties also going to make it an election issue for the farmers and unemployment.
Report was released earlier
A report appeared a few weeks ago, according to which unemployment has reached the highest level of 45 years across the country. This was revealed in a survey conducted by the National Sample Survey Office (NSSO).
From July 2017 to June 2018, the unemployment limit reached 6.1 percent, the highest since 1972-73. Due to the decision not to release this data, two members of the National Statistical Commission suddenly resigned from their post. The resigning members PC Mohan and JV Meenakshi were supposed to complete the term in June 2020. These were the only non-official members in the commission.
Increased number of urban areas
It is said that the number of unemployed in urban areas was 7.8 percent, while it was 5.3 percent in rural areas. It has been said in the report that due to the ban on the number of new jobs, there has been a considerable decline in the number of jobs which are not yet clear. On one hand, while the GDP is more than 7 percent, the unemployment figures will put pressure on the government.
The number of jobs received in the last one year has decreased by 1.1 crore.
Unemployed youth wrote letter to PM
Unemployed youth have filed their protest against unemployment with the Prime Minister of the country in a unique way. Unemployed students have written a letter to PM Modi saying they are unemployed and they need a job. But they are not getting a job. Question papers of many jobs are sold in the open market, many times they have been caught.
In such a situation, they need money to buy these question papers. According to the students, the Prime Minister should start a chitfund company so that the students can get money to buy these question papers. Students have also promised that they will return this money with interest as soon as they get their jobs.
