Unemployment In India

Vyas said that the industrial sector lost 0.2 million jobs in July after having lost 4.3 million during June, while the services sector lost 2.8 million jobs in July after having lost 0.8 million in June.

The industrial and services sectors have been losing jobs for two months, Vyas added.

In May, the employment in the industrial sector had shot up to 108 million, but since then it has declined to 104 million in June and July, Vyas said.

The recovery in industrial jobs was essentially in the construction industry and not in manufacturing, which are of better quality, Vyas noted.

Over 8 million non-farm jobs were lost during June and July, equally both in the industry and services sectors.

“There is a need for more investments to take place, which is likely to take some time. However, we don’t expect any drastic deterioration in the unemployment scenario in the country,” Vyas added.

“Overall, the situation is full of opportunities for India. There are, however, some gaps we need to fill in to take full advantage of these opportunities,” Anand Mahindra said. ”The most important of these (gaps) is jobless growth,” the Mumbai-based industrialist added.

There were over 9.79 lakh vacant posts in different Central government departments as on March 1, 2021, Union Minister of State for Personnel Jitendra Singh said on Wednesday.

Of the total of 9,79,327 vacant posts, 23,584 are of Group A, 1,18,801 of Group B and 8,36,936 of Group C categories, he said in a written reply to a question in the Lok Sabha.

“Creation and filling up of posts in the central government is the responsibility of the ministry/department concerned and it is a continuous process,” Singh said.

“Misled. Betrayed. Cheated. Prime Minister, can India’s unemployed youth use these ‘unparliamentary’ words for your lies?” Rahul Gandhi tweeted.

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