Unemployment in India: There will be many challenges in front of the country in the new year, in which the biggest challenge will be to control the rising unemployment rate. The Center for Monitoring Indian Economy (CMIE) has released some statistics regarding unemployment. According to those figures, India’s unemployment rate rose to 8.3% in December 2022, the highest in the last 16 months.
What is more worrying is that the urban unemployment rate within the country rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate decreased from 7.55% to 7.44%, according to CMIE data. Got to know.
Mahesh Vyas, managing director of the Center for Monitoring Indian Economy, said about this that the unemployment rate is increasing, although it is not as bad as it seems, because there has been a good increase in labor participation. which increased to 40.48% in December, the highest in 12 months.
The biggest challenge is to create employment
Mahesh Vyas said, “The most important thing is that the employment rate in the country has increased to 37.1% in December, which was the highest since January 2022.” Economy experts believe that before the national elections in 2024, the biggest challenge for the Modi government is to stop high inflation and create employment for lakhs of youth entering the job market.
The rate was reduced in the July-September quarter
According to the quarterly data compiled by the National Statistical Office (NSO) and released in November, the unemployment rate declined to 7.2% in the July-September quarter as compared to 7.6% in the previous quarter.
Highest unemployment rate in Haryana
The unemployment rate in December rose to 37.4% in Haryana, followed by Rajasthan at 28.5% and Delhi at 20.8%. This is known from the data of CMIE.
Congress is taking out Bharat Jodo Yatra
The main opposition Congress started a march from Kanyakumari to Srinagar in September 2022, talking of unemployment in the country, rising prices and the “divisive politics” of the BJP. Which was named ‘Bharat Jodo Yatra’. This walk is to be 3,500 km long, Congress leader Rahul Gandhi, who is leading it, is a constant attacker on the BJP government.
Rahul Gandhi recently said, “Instead of focusing on the growth of GDP, the Government of India needs to use the skills of youth to provide employment, increase exports of indigenous goods and increase production capacity with growth potential.”
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