Key Points
The recent report on employment and unemployment conditions in India by the International Labour Organisation and the Institute of Human Development has made headlines not just because of the dire picture it paints, but also because Chief Economic Advisor V Anantha Nageswaran seemingly passed the buck of solving the issue to the private sector...
While the data and the CEAs comments attracted attacks from the Opposition, mainly the Congress, what was noticed less by critics and supporters alike was the praise the report carried about Indias data, something thats been criticised by many and for long...
The increasing prevalence of low-skilled labour was backed up by other data in the report on the level of skills among Indias youth (abysmal) and the fact that youth unemployment seemed to be higher among those with higher levels of education...
But Modi Govts Chief Economic Advisor protects the dear leader, by saying Govt. cant solve all social, economic problems such as unemployment, Kharge continued, before highlighting some of the more worrying data points from the report...
The all-India estimates of the LFPR (labour force participation rate), the worker population ratio, the unemployment rate, including the distribution of employed persons in the country according to gender, location (rural and urban), broad industry and other categorisations, from the Employment and Unemployment Surveys and the Periodic Labour Force Surveys (PLFS) are generally found to be quite robust with reasonably low relative standard errors, the report said...
