Total employment in India dropped by 9 million between 2011-12 and 2017-18, a first in the country's history, a paper published by Azim Premji University says. The new academic paper titled 'India's Employment Crisis: Rising Education Levels and Falling Non-Agricultural Job Growth' said that employment fell from 474 million in 2011-12 to 465 million in 2017-18. "Total employment during 2011-12 and 2017-18 declined by 9 million. This happened for the first time in India's history," the study said.
The paper is written by Santosh Mehrotra and Jajati K Parida and published by the Centre of Sustainable Employment at the Azim Premji University. Mehrotra teaches Economics at Jawaharlal Nehru University while Parida is a Professor at the Central University of Punjab.
"The Indian economy is passing through an unprecedented phase in its employment history, in which total employment (Workforce) is declining, and open unemployed and disheartened Not-in-Labour Force-Education-Training" (NLET) youth (a reserve army) are rising massively," the paper added.
SOURCE: businesstoday
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