New Delhi: Union Minister Arun Jaitley called the National Sample Survey Organisation (NSSO) job survey of 2017-2018, which recorded a surge in the unemployment rate in the country at 6.1 per cent- the highest in 45 years, a draft which has not been approved.
Jaitley said reports stating four-decade high in unemployment rate under the Narendra Modi government is an economic absurdity. He asserted if there was an increase in unemployment rates in the country like the report claimed, then it would create a state of social unrest which clearly wasn’t the case.
The Union Minister, who is currently hospitalised in the United States further stated facts and figures to prove his point. He said, “If 7.5% is the real growth in Gross Domestic Product, and inflation is at 3-4%, the nominal growth needs to be around 11-12%. It would be absurd to say that there are no jobs in such a scenario.”
According to the NSSO’s Periodic Labour Force Survey, which was accessed by Business Standard, India’s unemployment rate hit a 45-year high of 6.1% in 2017-18 — the most since the early seventies. The 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 per cent for men and 27.2 per cent for women in 2017-18, according to the survey report.
Following this, NITI Aayog Vice Chairman Rajiv Kumar rejected the NSSO’s Periodic Labour Force Survey. While addressing a press conference in the national capital, Kumar had said, “Government did not release the data (on jobs) as it is still being processed. When the data is ready we will release it.”
“Data collection method is different now, we are using a computer-assisted personal interviewee in the new survey. It is not right to compare the two data sets, this data is not verified. It is not correct to use this report as final,” he asserted.
NITI Aayog’s statement came hours after Congress president Rahul Gandhi attacked the Narendra Modi-government over the report. Taking to Twitter, he posted, “NoMo Jobs! The Fuhrer promised us 2 Cr jobs a year. 5 years later, his leaked job creation report card reveals a National Disaster. Unemployment is at its highest in 45 yrs. 6.5 Cr youth are jobless in 2017-18 alone. Time for NoMo2Go. #HowsTheJobs.”