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 / 1:38 PM

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.


Contributors

Written by : Poorbita Bagchi

Edited by :

Related Stories

Core Sector Output Falls 5.2% Amid ‘Severe’ Economic Slowdown, Worst Show In 14 Years

Indian Economy Sectors

Alarm Bells For Indian Economy As Eight Core Sectors Register Negative Growth Rate In August

India Manufacturing Innovation Govt

As Manufacturing & Innovation Sector Spirals Downward, The Govt Must Renew Efforts

My Story: My Wife Found Peace In My Arms & Not The Doctor’s; Just As She Wanted – For Us To Be Alone In Her Last Moments

21 Public Sector Banks Lost Rs 25,775 Crores to Bank Frauds in FY 2017-18, Says RBI

NHRC Registered 1782 Fake Encounter Cases Between 2000-2017; UP Alone Accounted For 44.55%

Latest on The Logical Indian

News

Modi Govt May Cut School Education Budget By ₹3000 Crore Amid Cash Crunch, Likely To Affect Teachers’ Salaries

News

Citizenship Bill: Former IAS Officer Calls For Civil Disobedience Against Centre

Get Inspired

From Fighting Against Casteism To Ensuring Education For All, These 15-Yr-Old Girls Are Agents Of Change In Rajasthan

Fact Check

Fact Check: Delhi Minister Imran Hussain’s Statement On Cremation Adding To Air Pollution Made Viral Out Of Context

News

US Federal Commission Seeks Sanctions Against Amit Shah Over Citizenship Amendment Bill

News

‘Instead Of Building Gigantic Statues, India Should Build More Modern Schools, Universities’: Former RBI Governor Raghuram Rajan

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.