As 2024 elections close in, the Narendra Modi Government is going all out with job plans amid criticism that it has done nothing to address the burning issue.
NEW DELHI, June 14 (The CONNECT) - Prime Minister Narendra Modi has instructed that recruitment of 10 lakh people be done by the Government in mission mode in next 1.5 years.
The PM reviewed the status of Human Resources in all departments and ministries and gave the instructions
The Prime Minister Office tweeted: "PM @narendramodi reviewed the status of Human Resources in all departments and ministries and instructed that recruitment of 10 lakh people be done by the Government in mission mode in next 1.5 years."
One of the responses to the tweet said Modi promised two crore jobs a year and questioned the 10 lakh job plan
This assumes significance in view of the criticism against the government that the demonetisation and the pandemic-driven lockdown have resulted on loss of millions of jobs.
The criticism is bound to mount in view of the proposed Bharat Jodo yatra by Congress leader Rahul Gandhi and the elections to the State legislatures in Gujarat and Himachal Pradesh.
The Centre for Monitoring Indian Economy (CLIE) reported a marginal increase in employment rate increased from 37.05 per cent in April to 37.07 per cent in May 2022. This improvement was the result of a small fall in the labour participation rate but a larger fall in the unemployment rate.
What this means is that while the number of people seeking employment declined marginally, a smaller proportion of those who were seeking employment were left unemployed.
The labour participation rate fell from 40.19 per cent in April to 39.91 per cent in May. This is not a good sign. But, the good sign is that while 7.83 per cent of those who were seeking employment in April were left unemployed, only 7.12 per cent were left unemployed in May.
CMIE said in May that the employment was still 1.7 per cent or 7 million short of the employment level of the pre-pandemic year of 2019-20. But, this overstates the impact of the pandemic. Employment was on a declining trend even before the pandemic. It was falling at the rate of about 0.31 per cent per annum. If that trend had continued uninterrupted by the pandemic, employment would have fallen by about 2.5 million from 408.9 million in 2019-20 to 406.3 million in 2021-22. And so, the hit to employment that can be attributed to the shock of the pandemic is about 4.5 million jobs, CMIE said.