IMF executive director argues employment, in quantity & quality, has kept pace with growth
The employment situation in India has attracted sharp debate and incorrect narratives using the private data generated by the Centre for Monitoring Indian Economy (CMIE). The National Sample Survey Organisation (NSSO)’s Periodic Labour Force Survey (PLFS) data employs a robust methodology and is reliable. So, we use the PLFS data to document the correct facts on employment in India.
First, unlike inferences from the unreliable CMIE data, the employment situation improved consistently – both in quantity and quality – before the Covid-19 pandemic. From 2017-18 to 2019-20, regular wage/salaried employees increased by 1.5 crore, a growth of 13.2%; the increase among females was 0.72 crore or 29.4% and that for males 0.79 crore or 8.8%. Further, formal employment increased by 1.2 crore or 25.3%.