cmie: India has 53 million unemployed people as of Dec 2021: CMIE


India has 53 million unemployed people as of December 2021 and a huge proportion of them are women, the Centre for Monitoring Indian Economy said.

Of these, 35 million are the unemployed who are actively seeking work while 17 million are those who, though willing to work, are not actively seeking it, CMIE said.

“India needs to immediately provide employment to the 7.9% who are in the unemployment rate or 35 million in December 2021 who were not employed and they were actively looking for employment,” CMIE said in its weekly analysis.

“An equally important challenge is to provide employment to the additional 17 million who were also not employed and were willing to work if work was available although they were not actively looking for work,” it added.

According to CMIE, of the 35 million unemployed who were actively looking for work in December 2021, 23% or 8 million were women. At the same time, of the 17 million who were passively unemployed, 53% or 9 million women were willing to work although they were not actively looking for work.

“It is worth investigating why such a large number of women who are willing to work are not actively applying for work or making other efforts in finding work. Is it lack of availability of jobs or is it lack of social support for women to join the labour force,” it argued.

Citing the data from the World Bank, CMIE said that the World Bank had pegged the global employment rate at 55% in the pandemic hit 2020 or 58% in 2019 while that of India stood at a low of 43%. However, CMIE pegged India’s employment rate at 38%.

“India’s unemployment problem is not reflected in its unemployment rate. Its problem is the low employment rate and its discouraged young female labour force,” CMIE said.

According to CMIE, India’s path to prosperity is in finding employment for nearly 60% of the population. “To reach global employment rate standards India needs to employ an additional 187.5 million people,” it said, adding that given the current employment of the order of 406 million that is a tall order.

Read original article here

Denial of responsibility! Verve Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment