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Friday, December 20, 2024 | 03:06 PM ISTEN Hindi

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Concern over jobs overblown

The actual job creation in the economy is not as bad as it's been made out to be

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Mahesh Nandurkar
Employment creation and housing demand/construction activity are two pillars of any economy. Central bankers and policymakers all over the world rely on data on these activities heavily. Unfortunately in India, we do not have any high frequency and reliable data available on either. National Sample Survey Organisation conducted its last employment survey back in 2012. Since then we haven’t had anything comprehensive on employment creation in India. Economists, financial analysts and even policymakers in India, hence, have had to rely on some proxy data or anecdotal evidence to estimate the trends on employment creation. Due to demographics, India is witnessing
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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