NITI Aayog clarifies report saying 'unemployment at 45-year high' not verified

Unemployment rate in India rises to all time high in last 45 years

Big Expose on NSSO jobs data, Unemployment rate at four decade high with 6.1% in 2017-18; BJP to get cornered in Parliament

In the wake of the release of unemployment figures by the National Sample Survey Office (NSSO), NITI Aayog Vice Chairman Rajiv Kumar said the data was not released by the government as it is still being processed.

Mohanan told NDTV that he had quit over "disagreements" with the government on the release of a jobs survey and concerns about it being buried in election season.

This data was collected by the NSSO between July 2017 and June 2018 - and is the first official survey that at the country's employment situation after Prime Minister Narendra Modi announced the demonetisation of high-value currency notes in November 2016.

The NITI Aayog on Thursday said that a yet-to-be-released report, which claims that the rate of unemployment is at a 45-year high in 2017-18, is not verified.

This was the highest unemployment rate in India in the last 20 years.

The government declined to confirm or deny the report. But we need to look at the quality of jobs. "This report was released for approval because this is a standalone report and it does not require any additional verification with any sources".

The report which has still not been made public, states that post demonetization, India suffered a blow in its employment rate and has been at 6.1% while comparing it with the UPA era, in 2011-12, the unemployment rate stood at 2.2%.

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Kumar said the government is waiting to process the quarterly data till December 2018 for better comparative analysis.

The commission's back-series calculation showed that the Indian economy grew at a much faster pace under Manmohan Singh's UPA government compared to Modi's NDA, and that it registered double-digit growth in two years - 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. Unemployment is at its highest in 45 years.

"You can't be growing annually at 7.2 percent and saying that there are no jobs being created in the economy", NITI Aayog Chief Executive Amitabh Kant said at a press conference.

The government has been unable to keep its lofty promises of providing meaningful jobs to all, and policy missteps like demonetisation have only exacerbated the crisis in the Indian economy.

The report showed frighteningly high levels of unemployment among the young, with 18.7 percent of urban males aged between 15-29 without work, and a jobless rate of 27.2 percent for urban females in the same age group.

Earlier this month, the Centre for Monitoring Indian Economy, a leading independent think-tank, said the country lost as many as 11 million jobs previous year.

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