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No unemployment in India!

Financial Express Delhi

|

January 18, 2026

The replacement of MGNREGA by a supply-driven, guarantee-less, funds-constrained scheme will make matters worse for the rural poor who will face unemployment or under-employment

- P Chidambaram

THERE IS A deluge of good news. Retail inflation is at 1.33%.The GDP growth for 2025-26 has been estimated at 7.4%. I think we must add another hurrah: there is no unemployment anywhere in India, at least unemployment of the kind we need to worry about.

No takers for jobs!

I have good reasons to state that there are no takers for jobs. Data shows that for hundreds of thousands of vacancies in the government and quasi-government sector, there are no takers. Despite good pay (and the 8th Pay Commission will improve it), dearness allowance, annual increments, promotions, job security, medical benefits, HRA, Transport Allowance and other allowances, leave benefits, advances and loans, and Unified Pension Scheme, young men and women are not inclined to take the jobs — sanctioned by the government but vacant. What will you conclude from this extraordinary situation other than there is no unemployment and no takers for jobs?

According to Ministry of Education, the sanctioned and vacant posts in central universities (see Table 1), as of April 1, 2024, 27% of teaching posts and 47% of non-teaching posts were vacant in central universities.

As of June 2025, 7,765 teaching posts in KVS and 4,323 teaching posts in NVS were vacant. Nevertheless, we are assured that teaching is well and thriving in India.

Official data speaks

MEER VERHALEN VAN Financial Express Delhi

Financial Express Delhi

Bets of RBI buying, lower state debt sale lift bonds

BENCHMARK GOVERNMENT BONDS gained for a third straight session on Thursday as traders grew more confident of the buying support from the Reserve Bank of India (RBI) and ahead of another reduction in state debt auctions next week.

time to read

1 min

January 23, 2026

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Battery PLI loses charge

ONLY 2.8% OF TARGETED CAPACITY COMMISSIONED SO FAR

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2 mins

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Emergent eyes production-grade AI software

EMERGENT, A YEAR-OLD artificial intelligence (AI) startup founded by Dunzo co-founder Mukund Jha, is positioning itself around the idea that the next phase of software creation will be driven by non-programmers building full-fledged applications using Al, ratherthan developers writing code line by line.

time to read

1 mins

January 23, 2026

Financial Express Delhi

Bangladesh defiant: Will play, not in India

AFTERICC ULTIMATUM ON WORLD CUP PARTICIPATION

time to read

2 mins

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Financial Express Delhi

Scrappage policy needs strong incentives: Ashok Leyland CEO

DEMAND UNLOCK

time to read

2 mins

January 23, 2026

Financial Express Delhi

Musk: AI robots will eventually outnumber us

ELON MUSK, A longtime critic of the World Economic Forum's (WEF) annual event in Davos, Switzerland, appeared at the gathering for the first time on Thursday, and predicted that robots will eventually outnumber humans.

time to read

1 min

January 23, 2026

Financial Express Delhi

Walmart to sell ₹9,173-cr stake in PhonePe IPO; Microsoft to exit

FINTECH MAJOR PHONEPE'S upcoming initial public offering (IPO) will see its parent Walmart partially offloading its stake, while investors Tiger Global and Microsoft Global Finance will look to sell their entire holdings.

time to read

1 min

January 23, 2026

Financial Express Delhi

Trump's Board of Peace off to a rocky start in Davos

G7 COUNTRIES OPT TO STAY ON THE SIDELINES

time to read

1 min

January 23, 2026

Financial Express Delhi

Duroflex to step up omnichannel push

EYEING GROWTH Duroflex plans to raise ₹184 crore in fresh issue by the end of 2026 It plans launch of 120 stores from the IPO proceeds The IPO will comprise an offer for sale of over 22.5 mn shares

time to read

1 mins

January 23, 2026

Financial Express Delhi

IndiGo Q3 profit falls 78% on Dec trouble

INTERGLOBE AVIATION, WHICH operates IndiGo, on Thursday reported a sharp fall in its October-December profit after onetime charges linked to widespread flight disruptions in December dragged earnings well below market expectations, even as revenue grew at a modest pace.

time to read

1 min

January 23, 2026

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