Unemployment rises above 10 per cent amidst falling GDP
Updated: Jun 21, 2013 06:51:48pm
The reason for drop in employment rate is attributed to decrease in the rate of gross domestic product (GDP) growth which fell to 6.2 per cent in 2011-12 and further dropped to decade low of five per cent in 2012-13.
The unemployment rate rose by 0.2 per cent points to 2.7 per cent in 2011-12 (July-June) against 2.5 per cent in 2009-10.
Meanwhile, the official figure showed that daily wage earner is getting Rs 139 in rural areas and Rs 170 in urban areas.
In the rural areas, on one side wage received (per day) by workers was Rs 149 for males and Rs 103 for females. In the urban areas, the corresponding rates were Rs 182 and Rs 111 for males and females, respectively.
Daily wages received by casual labours of rural areas engaged in public works other than MGNREG public works was Rs 121. The wage given to males were Rs 127 for the males and it was just Rs 111 for females.
The workforce at the all-India level, was about 459 million (rural male: 231.9, rural female: 104.5, urban male: 99.8 and urban female: 22.8) as on January 1, 2010 which increased to 472.9 million (rural male: 234.6, rural female: 101.8, urban male: 109.2 and urban female: 27.3) January 1, 2012 indicating a growth of about 13.9 million.
The government has started programmes like Direct Benefit Tax and providing food at very cheap rate for the people living under poverty to fill the gap in the lower wage income. (KNN)