Left Menu
Development News Edition

No real job data available: BJP MP on growth-loss barb

IANS | New Delhi | Updated: 18-02-2019 15:16 IST | Created: 18-02-2019 15:16 IST

No real job data available: BJP MP on growth-loss barb
Reacting to former Prime Minister Manmohan Singh's "job-loss growth" barb at the government, BJP MP Rajeev Chandrasekhar on Monday said there was no real job data available and the NSSO survey did not consider the measures taken to revitalise the MSME and informal sector. Taking a dig at Singh, he also said that the survey will be used by some people since it is an election season.

"Let us be clear, there is no real job data in government historically because of the dominance of the informal and unorganised sectors in overall jobs," Chandrasekhar said in a statement. "We must agree that that NSSO survey did not capture all the important measures that the budget 2018 did to revitalise the MSMEs (Micro, Small and Medium Enterprises) and the informal sector."

Noting that Singh was perhaps referring to the leaked draft survey conducted by the National Sample Survey Office (NSSO), which said the country's unemployment rate stood at a 45-year high of 6.1 per cent in 2017-18, he said, "It must be understood that the NSSO data is a survey. A survey conducted at one point of time and is a snapshot of that period. "That NSSO survey captured a period of churn, immediately after the demonetisation and the GST and even the government has admitted that post-demonetisation and post-GST there were a significant number of transitional issues with the informal sector," he said.

The Rajya Sabha member said that the public spending on infrastructure such as railways, ports, roads construction was done to the tune of Rs 10 lakh crore in the past five years of the Modi government. "All of this construction, creating downstream jobs and the formal sector, as confirmed by real EPFO data (not surveys), has expanded considerably," he said.

"So on the one hand, we have the real incontrovertible data through the EPFO that confirms job expansion in the formal sector and growth in formalisation of parts of the informal sector while on the other - with no real data on the informal sector - we are relying on the NSSO survey, which was done during transitioning of the GST and demonetisation." Addressing a convocation at the Delhi School of Management, Singh on Sunday blamed the "slipshod" implementation of the Goods and Services Tax (GST) for damaging the vibrant small and unorganised sector.

Pointing to domestic challenges like agrarian crisis, declining employment opportunities and prevalence of divisive forces, the former Prime Minister had painted a grim picture of the Indian economy and said the jobless growth was fast turning into the "job loss growth". Chandrasekhar said that the economy was in a far stronger and better place today than it was in 2014 when Singh demitted office.

"The damaged economy he left behind has been rebuilt slowly and surely and we are on a path of sustainably high growth. It's election season so expectedly some people will use survey data in a context that suits them, which is the case here with Dr Manmohan Singh," he said.


TRENDING

OPINION / BLOG / INTERVIEW

5G will be the key driving force for COVID-19 recovery: Here's how?

... ...

Canada’s COVID-19 pitfalls highlight need for integrated health information system

In the globalized world of today where outbreaks can spread far and wide within a matter of days, a global-level integrated health information system is ideal but Canadas provincial barriers show that the country lags much behind in deployi...

Pandemic must be impetus, not obstacle, for clean water access

To make matters worse, there are suspicions that the inadequacy of wastewater treatment methods in California, the rest of the USA, and indeed around the world may help to propagate the disease even more widely. ...

3D printing and the future of manufacturing post COVID-19

The on-demand, customizable, and localized manufacturing of product components facilitated by 3D printing has the potential to redefine manufacturing but there are certain technical, mechanical, and legal limitations that, unless ...

Videos

Latest News

Top Democrats say Mnuchin sought coronavirus meeting, showed no movement

The two top Democrats in the U.S. Congress said on Wednesday that the White House sought a new meeting on stalled coronavirus aid talks but showed no sign of moving away from the positions it held when negotiations broke down last week. Whi...

UPDATE 3-Top Democrats say Mnuchin sought coronavirus meeting, showed no movement

The two top Democrats in the U.S. Congress said on Wednesday that the White House sought a new meeting on stalled coronavirus aid talks but showed no sign of moving away from the positions it held when negotiations broke down last week. Whi...

Turkish minister shrugs off lira volatility, sees economic contraction possible

The competitiveness of Turkeys lira is more important than the exchange rate level, Finance Minister Berat Albayrak said on Wednesday, shrugging off a slide in the currency to record lows last week. In an interview with broadcaster CNN Turk...

Grizzlies eye play-in berth in finale vs. Bucks

The Memphis Grizzlies will be first on the tee when the Western Conference holds a glorified elimination day Thursday in the NBA bubble near Orlando. The Grizzlies 33-39 will take the court in the early afternoon against the Milwaukee Bucks...

Give Feedback