The special unemployment survey conducted in 2011-12 has
revealed a record dip in job creation.India’s employment rate
has slipped to 38.6% in 2011-12 from 39.2% in 2009-10.
When the UPA government took charge,for the first time,the
EMPLOYMENT RATE WAS 42%.the number of unemployed rose
to 10.8 million in January,2012 from 9.8 million in January,2010!
The number of unemployed Indians has gone up by 10.2% in
the intervening two year period from the two surveys
Official data released in 2011 had showed that just 2.7 million
new jobs were created in the five years between 2004-05 and
2009-10-drastically lower than the 60 million jobs created in
the previous five years.
The government had proposed conducting special survey
expecting better figures than the survey conducted in 2009-10
blaming global slowdown for the poor numbers.
The result of the survey has completely vidicated the opinion
of the left parties and other progressive forces in the country
that it would be jobless growth during globalisation period..