Manufacturing Sector Alone Lost 87,000 Jobs, Eight Core Sector Added Just 64,000 Net Jobs In April-June 2017

The Logical Indian Crew

February 20th, 2018

Courtesy: The Times of India Image Credit: Wikimedia

The government’s quarterly survey on employment across eight sectors showed that the net addition of new jobs is only 64,000 in those sectors between April and June last year. The more worrisome number is that between the same period of time, 87,000 jobs were lost in the manufacturing sector, as reported by The Times of India.

The labour bureau’s quarterly survey shows that the education and health sectors between them added 1.3 lakh jobs in April-June 2017, while the other six sectors – manufacturing, construction, trade, transport, accommodation & restaurants, and the IT/BPO industry – put together saw a net loss of 66,000 jobs, reports The Times of India. The survey has been conducted since 2016 and covers both the informal and formal sector.

Source: Quarterly report on employment, Labour Bureau, GOI. Net Jobs Created: 64,000

Health sector added almost 31,000 jobs in the quarter. The biggest contributor in the job sector was the education sector which added over 99,000 jobs in the quarter. In 2016, the net addition of jobs was 4.8 lakhs.

In 2016, in these eight sectors with over half from education (1.7 lakh) and health (1 lakh). That translates to a 2.3% growth in employment over 15 months, an annualised growth rate of barely 1.8%. This rate is not enough to even take care of new entrants to the job market each year, leave alone reducing unemployment, reports The Times of India.

Over the 15-month period, the focus of the Make in India programme is an even lower 1%. Another point to be noted is that out of the 64,000 jobs created, 51,000 went to women and the rest 13,000 went to men.


The Logical Indian Take

With manufacturing sector losing more than 87,000 jobs, Make In India initiative is slowly fading away. The total number of employable graduates India added in 2017 was about 8 million. That means with just 64,000 jobs being added, most of the employable graduates are without a job. Thousands and thousands of Indian youth are reeling under stress and are in dire requirement of a job. People with PhDs and Masters’ degrees are opting for clerical level jobs because of the situation. This needs to change and that too as soon as possible.

Share your thoughts..

Related Stories

Instead Of Rising, Employment Shrank By 0.1% In Financial Year 2015-16 And By 0.2% In 2014-15

Unemployment At An All Time High With 3.1 Crore Indians Without Job: Report

Job Crisis Deepens; 75,000 Telecom Sector Employees Lose Jobs In Past One Year

15 Lakh Jobs Lost In First 4 Months Of 2017: The Govt Needs To Wake Up & Address Rising Unemployment

Economy Growth Jobs

While Economy Grows At 7%, Jobs Grow By Only 1%: Labour Bureau

Report: 93% Of India’s B-School Graduates Are Unemployable

Latest on The Logical Indian

News

Bihar: Refused To Give Free Vegetables To Cop, 14-Year-Old Rots In Jail For 3 Months

Exclusive

Telangana: This IPS Officer Is Saving Lives By Fighting The Menace Of Fake News

Awareness

5,000 Fine If Caught With Plastic Bag, Maharashtra Plastic Ban From Tomorrow

Awareness

Know About Justice Chelameswar Who Retired Today After A Seven-Year Tenure In Supreme Court

News

Bank Whose Director Is Amit Shah Collected Rs 745 Crore Worth Old Notes During Demonetisation: RTI

News

AC Put On Full Blast To Hound Us Out: Passengers Of Delayed AirAsia Flight