[1][2] Other than these 5-year sample studies, India had historically not collected monthly, quarterly or yearly nationwide employment and unemployment statistics on a routine basis.
In 2016, the Centre for Monitoring Indian Economy, a non-governmental entity based in Mumbai, started sampling and publishing monthly unemployment in India statistics.
[1] From its sample survey, it estimates a wide range of employment and unemployment statistics, along with the total population of the nation, gender distribution, and a host of other data.
[1] According to the Centre for Monitoring Indian Economy Private Limited (CMIE),[20] India has never tracked and published monthly, quarterly or yearly employment and unemployment data for its people.
CMIE, a non-government private entity, started to survey and publish monthly unemployment data for the first time in Indian history in 2016.
[21] In 2017, ILO updated its methodologies to make the labour force, employment and unemployment trends measurement more accurate and more consistent across countries.
The ILO uses a complex and diverse set of population demographics, sample surveys and economic activity indicators to derive its estimates.
The panel led by Niti Aayog vice chairman Arvind Panagariya recommended that it be replaced with an annual or more frequent and reliable data collection and reports.
[22][23] According to this panel, the NSSO methodology and practices have yielded misleading and biased data that "do not include the self-employed and farm workers, and are marred by low or irregular frequency and long-time lags".
[24] According to the 2010 World Bank report, "low-paying, relatively unproductive, informal sector jobs continue to dominate the [Indian] labor market.
[26] According to the Indian government's official statistics between the 1980s and mid 2010s, relying in part on the NSSO data, the unemployment rate in India has been about 2.8%, which states the World Bank, is "a number that has shown little variation since 1983".
Using the current daily status definition, the unemployment rate in India had increased from "7.3% in 1999–2000 to 8.3% in 2004–5", states the World Bank report.
[32] However, states Ajit Ghose, the services-based industry has not been "particularly employment-intensive", and its rapid growth has not addressed the unemployment and under-employment problems in India – and the job needs of its growing population – between 1983 and 2010.
[33] According to Soumyatanu Mukherjee, even though the formal organized sector of the Indian economy grew rapidly in the 2000s, it did not create jobs and the growth was largely through capital intensive investments and labor productivity gains.
[34] According to the Pew Research Center, a significant majority of Indians consider the lack of employment opportunities as a "very big problem" in their country.
According to Business Today, this report is the "first comprehensive survey on employment conducted by a government agency after Prime Minister Narendra Modi announced demonetisation move in November 2016".
According to this report, the 2017–2018 "usual status" unemployment rate in India at 6.1%, a four-decade high,[36] possibly caused by the 2016 demonetisation of large banknotes intended to curb the informal untaxed economy.
[17] The NSSO report suggests the inflation-adjusted employment income of casual workers has dramatically increased while those of the salaried wage-earners has fallen during the 5-years of BJP government.
[17] The NSSO has also changed the sampling methodology in the latest round, state Bhalla and Avik Sarkar,[38] which is one of the likely sources of its flawed statistics and conclusions.
[45] According to Sharma, the Indian labour laws are "so numerous, complex and even ambiguous" that they prevent a pre-employment economic environment and smooth industrial relations.
[46] According to The Economist the Indian labor laws are inflexible and restrictive, and this in combination with its poor infrastructure is a cause of its unemployment situation.
The purpose of the scheme is to eradicate both urban and rural poverty from the country by providing necessary skills to individuals that help them find well-paying job opportunities.
The Communist Party of India (Marxist) vehemently supports left-wing politics like land-for-all, right to work and strongly opposes neoliberal policies such as globalisation, capitalism and privatisation.