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India’s economic growth has moved from not just being a jobless regime but to being a ‘job-loss’ one, suggests new research. In a study published in the Economic and Political Weekly, K.P. Kannan and G. Raveendran break down the latest Periodic Labour Force Survey (PLFS) findings to suggest that the Indian economy is losing its ability to absorb new entrants to the work-force with less-educated rural women suffering the most.

Joining recorded National Sample Survey (NSS) business information with the as of late discharged PLFS study, the creators find that the capacity of the Indian economy to assimilate its developing working-age populace has been consistently diminishing. In 2004-05, 58% of the populace entering the workforce in the past two decades were assimilated into the workforce yet by 2011-12 this figure had tumbled to 15% in 2011-12. In 2017-18, this figure turned negative (- 5%) recommending that a portion of the working-age populace in reality left the workforce. And this has happened even while India recorded positive total development. 

They gauge that the economy lost 6.2 million positions between 2011-12 and 2017-18. Separating occupations by area, gender, training and sectors, they find that it was for the most part the less taught (beneath optional level) who lost employments. Inside this accomplice, it was provincial ladies who endured the most (rustic ladies' work fell by 24.7 million).

Sectoral analysis of the data shows that the net job loss stems from losses in sectors such as agriculture, quarrying, mining and manufacturing. Taken together, job losses in these sectors accounted for 95% of the total job loss. According to the authors, this jobs crisis is a result of several structural and policy failures in agriculture, rural-to-urban migration and education.
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Todays Epaper

Maharashtra govt has given the permission for Malls, Multiplexes & restaurants to remain open 24x7 in Mumbai. Is Hyderabad also need to open their businesses round the clock for the facility of people?

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