Congress has raised questions regarding the economic development during the last 10 years of Modi government. During this, Congress also raised questions regarding the central government's statistics regarding employment. Congress general secretary and communication in-charge Jairam Ramesh on Monday rejected the central government's claims of creating eight crore job opportunities and adding 6.2 crore net subscribers to the EPFO database between 2021 to 2024. Jairam Ramesh said that 2014–24 has seen “job losses”.
Why question the government's claim?
Sharing the statement on the social media platform, Jairam Ramesh said that amid the U-turns and scams in the last few months of this faltering government, the non-organic PM and his drummers have tried to find some solace in its economic record . The government claims that 8 crore employment opportunities will be created between 2021 and 2024.
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He said that this claim initially emerged from RBI KLEMS data, which we had earlier rejected on July 15, 2024. The government's spin doctors have now gathered another data that 6.2 crore net subscribers have joined the Employees' Provident Fund Organization (EPFO). Database between September 2017 and March 2024. Both claims are based on half-truths.
new definition of employment
Jairam Ramesh further said that to justify its claim of 8 crore new jobs, the government has adopted a broad definition of employment without taking into account the quality and circumstances of employment. She said a large part of the claimed employment growth was due to unpaid domestic work done by women being recorded as employment. He said that this is not the creation of new jobs. Jairam Ramesh said that the title '8 crore new jobs' also eliminates the discussion on the quality of jobs.
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The Congress leader said that amid the poor economic environment, the share of salaried, formal employment in the labor market has declined. He further explained that workers are moving to low-productivity informal and agricultural jobs, which KLEMS is recording as job creation.
Raghuram Rajan had also expressed concern
Earlier, former Reserve Bank Governor Raghuram Rajan had also expressed concern over the lack of jobs being created in comparison to India's economic growth. The former RBI Governor said that despite 7 percent economic growth, there are less jobs in India. He had given the example of the number of candidates for vacant posts in some states. He suggested that the government should focus on labor intensive industries to increase employment. Rajan says that capital-intensive industries are growing rapidly in India, but this is not the case with labour-intensive industries.
