Monday, October 17, 2016

New headache for @PMOIndia ; Country facing jobless #GDP growth

As per a study conducted by the Delhi-based civil society group PRAHAR has revealed that 550 jobs lost in India almost every day in the past 4 years. The study warns that if the trend continues, India might risk losing, 7 million more jobs by 2050.

According to the data released by Labour Bureau early 2016, India created only 1.35 lakh jobs in 2015 in comparison to 4.19 lakh in 2013 and 9 lakh in 2011.

This is because sectors which are the largest contributor of jobs are worst-affected. Agriculture contributes to 50 per cent of employment in India followed by SME sector which employs 40 per cent of the workforce of the count