The writer is managing director and CEO, Centre for Monitoring Indian Economy.
Surjit Bhalla contested CMIE’s labour growth estimates by suggesting it had got the female labour participation rates wrong. CMIE explains why it is right and how demonetisation cost jobs
Incomparable data sets, cherry-picking, and dubious statistical analysis are behind the claims of robust employment growth. Only 1.4 million jobs were added in 2017.
If we are generating 7 million formal jobs in a year then surely there should not be any employment problem. If this is so, then the government’s continuation of its jobs-creating schemes further into the future beats logic
The average value of new investments in the past three quarters is nearly half the average in the preceding three quarters.
Greater urbanisation should be a specific objective of public policy. While more than half of India continues to live in the villages,there is nothing worth even romanticising about rural India any more.