Modi Govt may be refuting independent economic reports like Citigroup on unemployment, but how will it deny government data! The truth is that Modi Govt is solely responsible for shattering the dreams of crores of Youth in the last 10 years!

The latest government data punctures their claims – According to NSSO’s Annual Survey of Unincorporated Sector Enterprises (ASUSE) –

1) In the manufacturing sector, 54 lakh jobs have been lost in unincorporated units in 7 years! (Between the year 2015 to 2023)

2) In 2010-11, 10.8 crore employees were employed in unincorporated, non-agricultural enterprises across India, which has become 10.96 crore in 2022-23 – that is, a marginal increase of only 16 lakh in 12 years!

3) According to the latest Periodic Labour Force Survey (PLFS), the Urban Unemployment Rate is at 6.7%. (Q4, FY24)

4) Modi Govt beats the drum of employment generation in the Formal sector by showing EPFO ​​data, but even if we assume that data to be true, it has seen a 10% decline in new jobs in 2023.

5) A report by IIM Lucknow, after analysing government data, shows that unemployment growth, high unemployment among the educated, low participation of women in the workforce are prevalent in the country. (2024)

Modi Govt rejects independent economic reports because they expose their shameless attempt to whitewash –

1) According to the CMIE, the current Unemployment Rate in the country has reached 9.2%, and among women it is a whopping 18.5%.

2) According to the ILO report, 83% of the unemployed in the country are youth.

3) According to the India Employment Report 2024, between 2012 and 2019, about 7 crore youth joined the labour force, but there was zero growth in employment – only 0.01%!

4) According to the 2023 report of Azim Premji University, 42.3% of graduates under the age of 25 in the country are unemployed.

5) According to the latest report of Citigroup, the India needs 1.2 crore jobs annually, and even 7% GDP growth will not be able to create enough jobs for our youth. Under the Modi Govt, the country has achieved an average of only 5.8% as GDP growth.

Be it government jobs, or private sector, self-employment or unorganised sector – Modi Govt has only one mission —

“Keep the youth JOBLESS”

~ Mallikarjun Kharge, President, Indian National Congress