India s unemployment rate rises to 6.9% in February: CMIE
Among the states, Haryana reported the highest unemployment rate of 26.4 per cent, followed by Rajasthan at 25.6 per cent and Goa at 21.1 per cent
Chitranjan Kumar | March 1, 2021 | Updated 15:10 IST
CMIE data showed that unemployment rate dropped in urban areas, while it increased in rural areas
India s unemployment rate increased to 6.9 per cent in February 2021 from 6.53 per cent in the previous month, according to latest data released by private think-tank Centre for Monitoring Indian Economy (CMIE). The data showed that unemployment rate in urban areas declined despite a rise in joblessness rate on a national level. The rural areas, however, saw surge in unemployment during the month under review. The urban unemployment rate dropped to 6.99 in February from 8.08 in January 2021, while rural unemployment rate rose to 6.86 per cent from 5.83 per cent in the previous month.
As India returns to positive growth, it must think why it canât remove poverty like China has
India must be concerned about loss of economic momentum, and because it isnât outpacing countries that are nowhere near China in growth & development.
TN Ninan 27 February, 2021 8:32 am IST Text Size:
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Whichever way one looks at it, Xi Jinpingâs announcement that China has abolished absolute poverty is an epochal event. From being one of the poorest societies on earth, and accounting, along with India, for the overwhelming bulk of the worldâs absolute poor, China has now reached a level of per capita income that is close to the global average (measured using purchasing power parity, or PPP). And it has raised a claimed 850 million people out of poverty.
Household incomes in India are yet to recover from the Covid-19 lockdown shock
Even as the country ‘unlocked’ in September 2020, the Centre for Monitoring Indian Economy’s data shows that unemployment numbers rose to over 9% in December. PTI
Indian incomes were on a downward slope – and then came the pandemic.
Household incomes in rural and urban India had begun to shrink from September 2019 owing to an ongoing economic slowdown. But the steepest decline came in April 2020, according to data from the business information company Centre for Monitoring Indian Economy, which was analysed by Ashoka University’s Centre for Economic Data and Analysis.
Provided by Dow Jones
By Eric Bellman and Vibhuti Agarwal NEW DELHI India s economy, one of the hardest hit by the Covid-19 pandemic, started growing again last quarter, but the recovery is being driven by those with the highest incomes, while the poor are still struggling. The country s gross domestic product grew by 0.4% in the three months through Dec. 31, driven by India s biggest companies and richest consumers. They emerged from the worst of the Covid-19 crisis last year with more savings and lower costs, and are now lifting growth as the spread of the virus slows. But the millions of small family businesses and farms that employ more than 80% of the populace and make up the informal economy have had the opposite experience. Its businesses and consumers have had to dip into savings and seen demand disappear, said Mahesh Vyas, chief executive for the Centre for Monitoring Indian Economy, an independent think tank in Mumbai.
A tale of two methodologies: Which dataset captures the real picture of the labour market?
Synopsis
As the survey methodologies are different for PLFS and CMIE, it is useful to compare the datasets and undertake some simple smell tests.
For an evidence-based policy, high frequency, timely, accurate and granular data are critical. The two main sources of employment data for the Economic Survey are the Periodic Labour Force Survey (PLFS) by the National Statistical Office (NSO) and the Consumer Pyramids Household Survey (CPHS) by the Centre for Monitoring Indian Economy (CMIE). While the PLFS quarterly survey, launched in April 2017, covers the urban sector, the CPHS data’s