Manmohan Singh says India’s ‘jobless growth’ has slipped into ‘job-loss growth’ 

Manmohan Singh.

Former Prime Minister Manmohan Singh, on Sunday, criticized the government for failing to boost the country’s economy to its maximum potential and said the “jobless growth” has slipped into “job-loss growth”, which coupled with rural indebtedness and urban chaos has made the youth restless.

Singh said, “The jobless growth slipping into job-loss growth, together with rural indebtedness and urban chaos have made the growing aspirational youths restless.”

While addressing the convocation ceremony at the Delhi School of Management, he said, “suicides of farmers and frequent farmer agitations reflect the structural imbalances in our economy which call for serious in-depth analysis and political will to address them.”

Recetly, Business Standard released the NSSO data on employment, which shows that the unemployment rate in the country during post-demonetization period (July 2017 to June 2018) was the highest in 45 years. The report was suppressed by the government, which prompted the-then acting chairman of the National Statistical Commission, PC Mohanan, and one more expert member, JV Meenakshi, to resign.

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