Page 8 - Unemployment In India

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

One year on

Ravages of last year's lockdown may still affect economy

Consumer durables companies' price gamble

The festive season is over and demand for most consumer durables has weakened. Companies are therefore testing a difficult market as they seek to protect their margins

Unemployment, inflation, earnings of 'friends' increased under govt: Rahul

Congress leader Rahul Gandhi on Saturday attacked the government, alleging that under it unemployment, price rise, poverty and income of its "friends" have increased

Multiple villages in West Bengal suffer acute water crisis, unemployment

More than 400 families of Kurmi Mahato, the Other Backward Class (OBC) community residing at Kalshi Bhanga have to trudge at least a kilometre to get drinking water

J&K Skill Development Dept organises job fair for trained unemployed youth

The Jammu and Kashmir Skill Development Department on Tuesday organised a first-of-its-kind job fair in Kathua for ITI (Industrial Training Institute)-trained unemployed youth from far-flung areas

Not a Budget for employment

Compared to a year ago, employment in January 2020 was lower by 9.8 million

T'gana: Unemployment allowance scheme might be announced soon: Minister

The government might soon announce the implementation of unemployment allowance scheme, an election promise of the party, the minister said

20% remained without work six months after losing jobs to lockdown: study

Findings are of second round of survey by Azim Premji University; 2,778 respondents from first round were re-interviewed across 12 states to gauge the nature of economic recovery

Recovery on thin ice as India finds itself in a crater on employment front

Economic recovery either stopped in the third quarter or it stopped showing up in recovery in employment

Labour markets disappoint in Dec

The count of the unemployed mounted to 38.7 million in December 2020 compared to 27.4 million in November, registering a massive increase of 11.3 million

Slowing economy drove urban unemployment to four-quarter high in Q4FY20

The spike in the rate could also be attributed to a slightly higher willingness among women to participate in the job market