Business Standard

After a dramatic increase in unemployment rate, NDA has its job cut out

They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why

Employment, workers
Premium

Representative image

Somesh Jha New Delhi
Now that the government has officially acknowledged that unemployment is at an all-time high of 6.1 per cent and the National Statistical Office has shown that Gross Domestic Product has hit a five-year low, minds in the new government have been concentrated on labour reforms as the first step on the road to economic revival.

This will mark Prime Minister Narendra Modi’s second attempt at reorienting labour policies to augment workers’ rights as well as giving more flexibility to businesses in hiring labour for their factories.

The government has already swung into action with Home Minister Amit Shah chairing a

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in