Data not finalised, says Niti Aayog about report on unemployment rising

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In case of female youth in rural areas, unemployment rate stood at 13.6 per cent in 2017-18 as compared to 4.8 per cent in 2011-12.

The delay in its release of the report led to two National Statistical Commission (NSC) members, including the acting chairman, resigning from their posts earlier this week alleging the government had withheld the release despite its approval by the NSC.

The National Sample Survey Office has conducted a nation wide survey where the report was ready in December a year ago but the government had no intention to release it ahead of the Lok Sabha elections of 2019.

Unemployment rate stands at 6.1% in India, according to an official survey done by the National Sample Survey Office (NSSO).

It also said that unemployment was higher in the urban areas (7.8 per cent) than in the rural areas (5.3 per cent).

The survey is the first solid assessment of the country's employment status since November 2016, when Modi jolted the nation with demonetisation, the report stated.

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The commission's back-series calculation showed that the Indian economy grew at a much faster pace under Manmohan Singh's UPA government compared to Modi's NDA, and that it registered double-digit growth in two years - 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11.

The country has lost as many as 11 million jobs a year ago, according to the Centre for Monitoring Indian Economy, an independent think-tank. In 2014, Ola created 37,000 jobs in 20 cities.

According to the report, accessed by Business Standard, the unemployment rate was at its highest level since 1972-73. The economy is creating enough jobs for the new entrants but people are exiting low-productivity agricultural jobs, he said, citing examples of Ola and Uber Technologies drivers without clarifying an overlap among the drivers who have registered for both the ride-hailing services.

Worse, the labour force participation rate - the proportion of population working or seeking jobs - declined to 36.9 percent in 2017/18 from 39.5 percent in 2011/12, the report said. The entire labour force data will be released in March, he told reporters. Dubbing the Prime Minister as "Fuhrer", Gandhi said that, "unemployment is at its highest in 45 yrs".

A report released by the All India Manufacturers' Organisation said last month 3.5 million jobs had been lost since 2016, mainly due to demonetisation and rising working costs after the launch of the national tax. The report is still not public. "The confusion is being created by those using a job report which has been leaked, and it has not been finalised", he added.

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