India s unemployment rate sharply rose to a 29-year high of 7.11 percent in 2020. Amid the job crisis, fake recruitment rackets have been rampant in the country, with.
India's annual economic growth rate picked up in January-March compared with the previous three months, but economists are increasingly pessimistic about this quarter after a huge second wave of COVID-19 infections hit the country last month.
P Chidambaram s 5-point guide for Modi govt on how to fix Covid-battered economy
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Last Updated: Jun 04, 2021, 12:27 AM IST
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Synopsis
he unemployment rate that was 5.48% in June 2018 has once again spiked to 11.86%. The Labour Force Participation Rate has fallen from 42.87% in June 2018 to 40.40% in March 2021. The ultimate test is: do people have a decent life, even if they are poor? And do they have enough food and healthcare? Loss of jobs, loss of incomes and a falling per-capita income cannot enhance welfare or a sense of well-being.
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The way out of the deep hole we find ourselves in is to learn from the experience of other countries, listen to renowned economists and take bold decisions.
The second COVID-19 wave has hit India hard. The various states of lockdown across the country has meant that many of the country's 40 million migrant workers have become unemployed.
What GDP Data Is Telling Us: Don t Obsess With Inflation, Spend On Public Goods, Relief To Poor swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.