Indian Government Masks Distressing Job Stats

07.10.2016 • Emerging Markets

From the Vivek Kaul Letter (IND) – In India, this happens now and then when some big surveys are carried out. Hence, recently the Labour Bureau based out of Chandigarh, released the Report on Fifth Annual Employment – Unemployment Survey.(herein referred to as Report)

Using this Report, large sections of the media reported that unemployment in India during 2015-2016 was at a five year high of 5 per cent.

The Press Trust of India in a newsreport said: “The figures could be an alarm bell for the Bharatiya Janata Party (BJP)-ruled government at the Centre.” The Times of India said: “It shows a continuation of a distressing job situation”.

What these statements clearly tell us is that the media was right and wrong at the same time

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