Thread by @ikkmurugan

Long thread: Unemployment and Congress’s legacy:

Unemployement% is Total Live Register/ (Total Employed + Live Registers). The live register is the total number of Applicants who are currently seeking Job. This is published by MOLE every 5 years. PLFS was introduced during NDA1

And they started publishing this data last year. Any data apart from these that you see on the internet is either speculative or done basis of sampling methods which suits their narrative and convenience.

PLFS for 2018-19 was 6.1%. This was an all time high in the last 45 years. Ever since the 1990s till introduction of PLFS, the unemployment % stood between 5.3 to 5.6%. Now diving into some statistics. Before 90s the Rural/Urban population mix was 75/25.

Today the Rural/Urban population mix is 65/35. In absolute figures, urban population has more than doubled from 22 crore to 48 crore. Rural population has increased from 65 to 89 crore. For ex: Hosur in TN became Semi urban from rural in 30 yrs despite industrialisation.

Agriculture contribution of TN has reduced from 7% to 2% is an example. This ratio shift is a sign of migration & not rural urbanisation. The Farm bill amendment in 2006 during UPA 1 allowed sale of uncultivable & low yield farm lands to real estate & industries.

Instead of reviving agriculture they paved way for its extinction. Migration again! During the 2008 global recession, The banks here loaned in excess than the demand to cover the NPAs of that time. This was giving an image that we were growing but the reality was otherwise.

These loans did not translate to ground investments and did not create any employment. The next is the growth in our population. In 1980 the population was 60 crores. In 30 years, in 2011 it sky rocketed to 120 crores. 90 and 2K Kids are excess in supply than demand.

Poor demand planning is a cause and Planning commission had no clue about this crisis. Only after NDA 1, it has come to light that only 1% of the total OBC have taken advantage of reservation. With a majority OBC population this only shows how UPA had no clue of how reservation

was abused and only now corrections are underway for this.
Anywhere between 9% to 47% is the the reduction of work force in every industry due to introduction of new automated technologies. The tech companies say that 94% of the current job seekers do not suit their requirements

there are millions of jobs for which there are no takers. Unskilled labour front: The number of unskilled migrants leaving the country has been falling: An estimated 391,000 left India in 2017, almost half the number in 2011 (637,000). These people have taken up jobs here

and this is a cycle which will leave the same percentage jobless. Out of 6.1% unemployment only 16% are graduates. So the total the total graduates remaining jobless is less than 1%. In the job seekers live register there are people above age of 40,50 and even 60 🤐

25% kids complete class 10 and 12 and start looking out for jobs.
UPA 1 and 2: Average FDI inflow was 30000 Million USD per year. During NDA the average inflow is 55000 Million USD in the last 6 years. And Centre govt is promoting MSME coz it is because they employ 40%.

Farm bill to revive agriculture, NEP for skill development, FDI and MSME for improved capital inflow and grass root level job creation. These are long term plans. Congress is known for mismanagement and moratorium in everything.

They’d always take a decision only when everything reaches a flashpoint. This includes the economic liberalisation in 1990. Despite knowing population increase they waited for IMF to tell them.

With 75% of middle class population, the US, China have similar unemployment issues. But the issues contributing to it are different. Unemployement in US is around 8% and is 6% in China. Average unemployement in countries with more poor population is more than 25%