On Unemployment

 

 

The 20^th Congress of the CPI (M) expresses deep concern at the failure of the Indian state to ensure adequate employment opportunities for the masses in rural and urban areas. The most recent data point to a grim future for millions of young men and women if the present policies are to continue. It also shows that the much proclaimed growth story of the Indian economy is a jobless and jobloss growth.

 

According to the National Sample Survey data for 2009-10, there is a sharp decrease in employment growth in India, from an annual rate of around 2.7 per cent during 2000-2005 to only 0.8 per cent during 2005-2010. Growth in nonagricultural employment fell from 4.65 per cent per year to 2.53 per cent, even at a time when annual GDP growth was above 8 per cent, during the latter period.