According to a report by the Centre for Monitoring Indian Economy (CMIE), Idian lost nearly 11 million jobs in 2018. The analysis report showed individuals belonging to vulnerable groups being the worst hit by job losses in 2018.
The report claimed that “An estimated 9.1 million jobs were lost in rural India while the loss in urban India was 1.8 million jobs. Rural India accounts for two-thirds of India’s population, but it accounted for 84 per cent of the job losses.”
One of the major findings of the report is that women were the worst hit by the job crisis. About 8.8 million women lost their jobs in comparison to only 2.2 million men. Of these around 6.5 million rural women lost their jobs, whereas the figure for urban women was 2.3 million.
People belonging to age groups between 40 years to 59 years kept their jobs, while all other age groups saw jobs shrinking, the report said. Around 3.7 million salaried employees lost jobs in 2018. Also, job losses were concentrated among the uneducated, as well as wage labourers, agricultural labourers and small traders.
The report further stated that “India’s unemployment rate shot up to 7.4 per cent in December 2018. This is the highest unemployment rate we’ve seen in 15 months. The rate has increased sharply from the 6.6 per cent clocked in November.”
So, the promises Modi led Bharatiya janata Party had made in its manifesto to create 2 crore jobs every year, has fallen flat. It was just a few days back that PM Modi in an interview had claimed about creation of jobs and that NDA government has done its bit, but the truth is quite different.