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Unemployment rate highest in India in last four decades: NSSO Survey
The report has been entangled in controversy after two members of the National Statistical Commission (NSC) resigned on January 28, saying that the government had withheld its release. Even the labour force participation rate (LFPR), which is indicative of the share of the population looking for jobs, came down from 39.5 percent in 2011-12 to 36.9 percent in 2017-18.
New Delhi: Periodic Labour Force Survey (PLFS) done by the National Sample Survey Office (NSSO) states that unemployment in India stood at 6.1 percent in 2017-18, the highest in 45 years. The report, which is yet to be made public, states that this level of unemployment was last seen in 1972-73.
Moneycontrol could not independently verify the report.
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The report has been entangled in controversy after two members of the National Statistical Commission (NSC) resigned on January 28, saying that the government had withheld its release. Even the labour force participation rate (LFPR), which is indicative of the share of the population looking for jobs, came down from 39.5 percent in 2011-12 to 36.9 percent in 2017-18.
This report has strengthened the opposition's accusations of rising unemployment in the country and the government's inability to cope up with it.
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