Unemployment in India at 45-Year High After Demonetisation

The National Sample Survey’s Periodic Labour Force Survey, that was kept in hide by the Narendra Modi government as finally came into public dominion with Business Standard succeeded in getting a copy of the report. Its findings are really very stunning.

According to this survey, the country’s unemployment rate was at a 45-year-high of 6.1 per cent in 2017-18. The NSSO’s annual survey of 2017-18 is the first after November 2016, when Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000 currency notes.

The report has been at the centre of a controversy after two members of the National Statistical Commission resigned this week in protest against the withholding of the NSSO’s first Annual Survey on Employment and Unemployment for the year 2017-18, which contains data on job losses in the

According to Business Standard, the NSSO report showed that unemployment was at its highest since the 1972-73 period. According to the survey, the unemployment rate stood at 2.2 per cent in 2011-12, during the United Progressive Alliance’s second term.

Unemployment among youth in urban areas was higher than in rural areas – 18.7 percent for men and 27.2 percent for women in 2017-18, according to the survey report.

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