The budget had no big ideas on creating jobs though it raised the mnrega budget 9 per cent.
With the Lok Sabha election just months away, the leaked findings of the latest National Sample Survey Office (NSSO) report couldn’t have come at a worse time for the Narendra Modi government. The NSSO data shows that labour force participation has been declining—from 43 per cent in 2004-05, it came down to 40 per cent in 2009-10, 39.5 per cent in 201112 and slipped further to 36.9 per cent in 2017-18. The NSSO report also made a damning observation that unemployment is at a 45-year high.
This story is from the February 18, 2019 edition of India Today.
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This story is from the February 18, 2019 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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