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India: Unemployment Rate is at 45-Year High

It is now official that the country has indeed been witnessing jobless growth

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India, Unemployment, 45 Year, High
The official data showed 7.8 per cent of all employable urban youth as being jobless. PIxabay

It is now official that the country has indeed been witnessing jobless growth.

Months after rejecting the claim by a leaked report that India’s unemployment rate had touched a 45-year high, the government admitted the same on Friday with the latest data showing that joblessness had indeed touched 6.1 per cent in the 12-month period from July 2017 to June 2018.

The government had earlier brushed aside a leaked official report on the country’s poor job scenario and maintained that the unemployment data was yet to be finalised.

The Centre had come under fire for witholding the key macro data, with the opposition parties alleging that it was a deliberate attempt to hide its non-performance.

India, Unemployment, 45 Year, High
Some members of the Statistical Commission had earlier resigned to protest against the government decision to withold the data.. Pixabay

Moreover, some members of the Statistical Commission had earlier resigned to protest against the government decision to withold the data.

The official release has come a day after Narendra Modi took oath as Prime Minister for the second time on Thursday in the backdrop of high public expectations on jobs and economic growth.

The official data showed 7.8 per cent of all employable urban youth as being jobless during the survey period, while the percentage for the rural areas stood 5.3 per cent.

The unemployment rate is defined as the percentage of persons unemployed among the total the labour force. Nearly 10 million youth join the country’s workforce every year.

Also Read- Lower Production of Crude Oil, Fertilisers Decelerates India’s April Core Sector Growth

The data poses a huge challenge to the Modi government which has returned to power for the second term on the promise that it will set policies right and ensure faster economic growth and employment.

The gross domestic product (GDP) growth rate has plunged to its lowest in the last five years to touch 5.8 per cent in the fourth quarter of 2018-19.

The manufacturing sector, which provides employment to a large number of workforce joining the country, has also been largely sluggish. (IANS)

 

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India Sold Over 204 mn WiFi Devices in 2018: Report

The market research firm predicted smartphones would continue to lead the WiFi enabled devices by installed base

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As many as 204.5 million WiFi enabled consumer devices were sold in 2018, with mobile phones contributing close to 90 per cent of the sales, a new report said on Tuesday.

According to market research firm techARC, WiFi sale of enabled devices is expected to grow at 8 per cent in 2019 with sales touching 221 million units, primarily led by smart and connected devices for home and office automation.

“The future lies in wireless highspeed connectivity and WiFi offers one of the most reliable and affordable alternatives to it. We have seen so far WiFi enablement through legacy IT and communications devices like laptops, routers and smartphones.

“This is now shifting to other consumer electronics like TVs, lighting, ACs and refrigerators. At the same time, it’s also penetrating into automobiles as well as other traditionally dumb IT peripherals like storage devices,” Faisal Kawoosa, Founder and Chief Analyst at techARC, said in a statement.

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Youths are seen browsing the internet inside the venue of the launch of Google free wifi project in Lagos, Nigeria. VOA

In terms of active user base, the research firm estimates India is having close to 600 million consumer devices being used for communication, productivity, entertainment and other smart and connected use cases.

Also Read: Love is Central to Friendship on Snapchat in India

The market research firm predicted smartphones would continue to lead the WiFi enabled devices by installed base.

However, the growth will be seen more in smart TVs including streaming devices as well as other home automation/smart devices leveraging WiFi connectivity. (IANS)