03:36 GMT28 January 2021
Listen Live
    Get short URL
    0 12

    The findings highlighting India’s worsening unemployment situation come as Prime Minister Narendra Modi claims the country’s economic recovery has been “better than expected”. Only this month Modi said that India’s economic indicators were encouraging.

    India's key opposition leader Rahul Gandhi launched another political attack on Tuesday against Narendra Modi's government over rising unemployment in the country.

    The development came after a survey this month found that nearly 3.5 million Indians may have lost their job in November.

    “The youth are jobless. The public suffers from inflation. Farmers are protesting against the laws that benefit the government's cronies,” said Congress party leader Rahul Gandhi in a tweet in Hindi.

    Gandhi cited the findings made earlier this month by the New Delhi-based think-tank Centre for Monitoring Indian Economy (CMIE) which suggest that 3.5 million Indians lost their job in November, compared with 35,000 people who were made jobless in October. 

    The CMIE data, released as part of its Consumer Pyramids Household Survey, point out that although the unemployment rate significant improved between July and September compared with the preceding quarter (April to June), the situation is turning bad in the present economic quarter (October to December).

    According to the premier Indian think-tank's findings, the country had nearly 68 million salaried employees in November this year, compared with 87 million salaried professionals last November.

    Economists have said that the trend indicated that 21 out of every 100 Indians who had been working in salaried professions until last year had lost their job - ie, a drop of 21%.

    The CMIE data puts into doubt the claim by the Prime Minister Modi-led federal government that the Indian economy has been experiencing a “V-shaped” economic recovery in the wake of unprecedented 23.9 percent quarterly drop in the Gross Domestic Product during the quarter from April to June, when India was in the middle of a strict COVID-induced lockdown.

    Congress leader Gandhi has often criticised the Modi government’s ability to create enough employment for India’s growing youth population, having described the problem as a “ticking time bomb”, which will lead to mass protests if enough people can't get work.


    Indian Gov't Extends Relief to Migrant Labourers on 'Longest March' Amid Coronavirus Lockdown
    COVID-19: Recession in India is Given, Question is How Deep the Crisis is, Analysts Say
    India Enters Technical Recession as Its GDP Contracts 7.5%
    India, Narendra Modi, Rahul Gandhi
    Community standardsDiscussion