Striking ILO India Employment Report 2024 on Modi decade, who’s working where & are incomes rising
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- เผยแพร่เมื่อ 13 พ.ค. 2024
- #cuttheclutter #employment #agriculture #gdp
International Labour Organisation (ILO) and the Institute of Human Development (IHD) released the India Employment Report 2024 on Tuesday. In Episode 1422 of Cut The Clutter, Editor-in-Chief Shekhar Gupta discusses key highlights of the report, why agriculture contributes less to GDP, employment condition index & more.
Notes--
20:02 - As per the ILO report 5 (green) is best and 1(blue) is worst.
What the ILO report states: Himachal Pradesh, Uttarakhand, Delhi, Telangana and Jammu and Kashmir in the northern regions consistently ranked in the top positions in the employment condition index, reflecting their robust economic and employment conditions.
21:07 - Kerala ranks 6 in 2022 on Employment Condition Index as per the ILO report, & is not among 'laggard states'. Error regretted.
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You've missed covering some really surprising data on Kerala male(22/22) vs female(3/22) ranking Refer Page 255-256 (Table A2.19b and Table A2.19c). Would be interesting to understand what exactly is the cause of the skew.
Major mess up in the 21st minute. The slide on statewise employement is ranked on 2005 basis and not on 2022 basis. For Instance, Kerala had the best story in the chart, as it climbed from 20th rank in 2005 to 6th rank in 2022.
Please note the correction by a text or edit the video please.
+1. Shekar Gupta seems to have accidentally referred to 2005 data. The table was a bit misleading as well since they seem to have sorted based on 2005 column instead of the 2022 column even though the ranking was mentioned correctly next to 2022. Reference document - www.ilo.org/wcmsp5/groups/public/---asia/---ro-bangkok/---sro-new_delhi/documents/publication/wcms_921154.pdf ( Page No: 49 )
We cannot shift employment opportunities from agriculture to manufacturing without bringing certain reforms in labour laws, land acquisition, agriculture and farming sector. On infrastructure front, we have certainly done a tremendous work in last 10 years but on policy, judicial and administrative reforms we have not yet started. Unless we do this, there is little hope for improvement.
😊 2:07
F😊7b8qq😊
😂😂
agree we still need atleast labour reform . judicial reform , and agriculture reform , and easy of doing buisness should be pririoty
Tremendous work it seems
Indian politicians and media just say that we need to pull agricultural workers out of that sector and into manufacturing and services, but all their policies show otherwise. You cannot say you are going to have protectionist policies towards a sector and simultaneously want people to leave that sector. Even our most basic laws like property laws for buying farmland which should ensure equality are almost as protectionist as the tribal land laws, and similar to article 370, where people need a farmer ancestry to buy agricultural land, this obviously drives the price of that land down due to low demand (similar to reservation laws seen in usa). There's reformist laws like the farmers bill that the government completely blundered. There are endless loan wavers and subsidies for farmers who are making bad decisions and losses, instead there should be things like government/private insurance for climate/bad weather and other insurances that farmers can pay into in order to secure themselves in case of such calamities), otherwise how do you get farmers to be more responsible and more ready to consolidate or sell their small land holdings if you are going to bail them out as a matter of policy? We don't even have income tax for the sector to pay for such things.
Farmers are vote banks. And nobody will dare to bell the cat, even for good cause.
Also the current govt put a ban on exports
It puts harm to farmers
They are fools like you
You have covered several points succintly. Perfect analysis. Modi govt did try to improve the situation by bringing farm.laws. But Modi under pressure from vested interests, withdrew those.Clearly it was a bad decision.
Look at China. All land is owned by govt and leased out to farmers/ cooperative communities etc . Their farm productivity is very high
Unfortunately, if any politician makes these points on a public platform consider his career over. Such is the hold of socialistic brainwashing on society. They should try and introduce gist of farm laws state wise atleast.
We should follow the Soviet model for agriculture as it was in the republics not in Russia. All lands of separate farmers should form collective farms where the government will supply seeds, fertilisers, machines and purchase the products. Wholesale markets for all agricultural products should be in the hands of the government and if the industry needs land it should negotiate with the cooperative farm. That will eliminate uncertainty from the farm sector and create prosperity for the rural areas. ,
India's overall skills competency is now ranked 68th globally, down four spots from its previous position. India is now ranked 19th in Asia. - IMD Nov9, 2023
Wonder why that is the case. Fundamentals needs to be improved
Guptaji. Please read the table 2:15 again. The table is sorted in the ranking order of year 2005 not in 2022. Can you go through the table again ?
The Rank of Kerala is 6 in 2022 and you can see the below details under that table
The economically advanced Kerala State in the southern region demonstrated consistent improvement
in its employment condition index ranking over time, landing among the top ten states in 2022. This
transformation was attributed to a reduction in the share of youths not in employment, education or
training and an increase in the proportion of formal regular workers, particularly among women
21:00
Currently Kerala is not doing well as per reports of bankruptcy. at times I think these numbers are futile.
@@lazydamsel let guptaji do a story on that but at the same time he has to correct the wrongly presented data in this video. Let us fix it first. As a data journalist Guptaji has to correct it otherwise his credibility will be affected
@@kiranthomas2948 that's true though.
Without land reforms mass industializaion is not possible. The services sector is not big enough to accommodate all. It also requires sophisticated human capital not so easy to develop.
True.
So basically you are saying there is nothing modi can do?
@@motei1853What fo you want Modi to do? Govt can't create jobs. Govt can only enable private sector to create jobs, and Modi givt jas done much better.
One area, of improvement is logistics and transport.
Other is, cleanup of NPAs, so that lending to private sector can resume.
But we need labour reforms, to help private sector can expand without bureacratic terrorism. But leftist people will start crying Adani Ambani. So, fix that hypocrisy.
@@rajx7120 got it 10 years of rule and berojgari
@@rajx7120who will be fix this modi Or me railway increasing roadways increasing 2 x but crown is not decreasing but employees or new job creation by using privatisation or public or semi public is not increasing even it's decreasing what about entrepreneurs no one knows that what modi government did for chemical industry, textile industry army railway chodo what modi did for ordinance factory now which is psu nothing report shows arm exports increasing 200% budget of defence increases 50 billion to 78 billion but no employment nothing to create new vacancy what a Hypocrite situation
Sir, the state wise unemployment ranking you provided contains ranks of 3 different time periods.
But, unknowingly you missed to read the latest 2022 ranking, and instead, you were reading out the 2005 ranking.
What do you think is it by mistake or deliberately?
Absolutely changes the story! Kerala is #6 (2022) and is shown 3rd from the bottom (2005) ; Kashmir is shown as ranking high but has dropped in the last 5 years.
Its not a mistake but done intentiinally. What do you think Print was created for?
@@crazydriver8818Why'd ThePrint want to deliberately put down Kerala😅
They always keep praising Kerala for its social indicators and everything. You sound delusional
@@noneoftheabove666Maybe few years back. Print has turned into full blown Godi media post covid. I'm seeing a lot of RSS propaganda on this channel for last 3 years.
@14:20 the three sector don't add up to 100% for 2019 ( they do for all other years). It adds up to 110% (42+36+32). I'm guessing the 36% in Secondary sector was supposed to be 26%.
True
That's right. Seems SG didn't catch the error before recording - he read the numbers as is.
Hi. I checked the report again, it scribes 36% only and I agree that the number doesn’t stack up to 100. But we wouldn’t know whether it’s 26 or 36 till ILO sends a Corrigendum 😅. So we can only write what they have written so far 😅😅😅
In the set theory there are overlaps, some body who owns a farm and is farming may also be a lawyer or a teacher which is counted in the service sector as well.
Go and learn the maths and look at data sets more carefully to understand how those numbers are calculated, rather than blindly flagging the error.
@@krishnmohan8906 thanks for that, now go and learn why this overlap happened only in 2019
Sir please declutter yourself and re do the episode. Your storytelling is mostly lucid but this episode travels on rough road. Thankyou.
Self employed is too wide a category.....it could be a successful doctor, lawyer, entrepreneur earning in crores and also a rikshaw puller earning enough just to survive
The report says that out of the 55 something percent self employed 21 something percent has regular employment, the rest are casually employed. That is not a good thing. And even that 21 something percent could be any kind of employment like you said.
Wrong data on sum of population for 2019 data set. Sum is 110%. It should be 100%.
I think secondary sector output should be 26%.
@@govindbansal-gl2in secondary sector employment share should be 26%
Saw the same. Though to verrify from comments.
Yes, it should be 26%. Which means a very marginal change
well said.
21:11 table is sorted by 2005 data not by 2022 scores.
What Godi media never believes any truth published in international bodies or media against Godi . That is the tragedy of Godi RAJ.
Shekharji, the state-wise Index you showed was sorted based on the 2000 year score, and not on 2022. As a result, Kerala which is no. 6 in the ranking in 2022, appears at the bottom. Please add a correction to it.
You can also find below in the report
The economically advanced Kerala State in the southern region demonstrated consistent improvement
in its employment condition index ranking over time, landing among the top ten states in 2022. This
transformation was attributed to a reduction in the share of youths not in employment, education or
training and an increase in the proportion of formal regular workers, particularly among women
@@kiranthomas2948 what factors made Kerala bankrupt in 2024 ?
@@carrad123456 that is a different topic we can debate in a kind of video. But here I just wanted to point out that Guptaji wrongly present the data. He always claim he is a data journalist .
At 21:15, why skip West Bengal? Also, that table is based on 2005 ranking and not 2022
Didn't expect such a shabby analysis! Table 2.15 is sorted based on 2005 rankings but it was being interpreted as 2022 rankings in the analysis
Employment in a country is based on its entrepreneurs. The reason is, the employment in an economy is created by its entrepreneurs, both big and as small as chaiwallah. As a rule of thumb: if there are 2 entrepreneurs per 100 in the population, the economy will sustain itself. If there are 5 entrepreneurs per hundred, it will be a flourishing economy. If there are 10 entrepreneurs per 100, that economy will be a super power. Sadly, in the erstwhile communist USSR, there were not even 2 entrepreneurs per 100 in the population. Instead, they had black marketers and pimps creating employment! No wonder that large country collapsed. So, while the government can not provide jobs, it can create the condition favourable to entrepreneurs, like China did.
👌
In this country, everyone want to get UPSC job or do farming. Bloody hypocrites.
Dumbo not everyone do upsc job fool
In upsc there are different opportunities or employment in upsc itself @@rajx7120
These current incompetent govt refusing to create vacancies
Who said they will create 2 crores jobs per year in 2014
What is your reference for that rule of thumb 🤔?
Umm socialist policies do not really encourage entrepreneurship or free market capitalism. They might encourage crony capitalism to ensure control & “growth”.
Capitalist ecosystem provides those opportunities (at least on paper).
@21:13 Kerala which is ranked 6th in the 2022 ranking is third worst for you considering 2005 rankings.
Is this your biases getting in or is there no one in print to point to you this blunder.
I like the analysis but the dilema is would the country demands be met with more and more people going away to for high profit professions.. Farmers are respected for there sacrifice equivalent to that of military... However with the rise in technology such sacrifices may not be required anymore from farmers.
20:40 it's a bit misleading to have the graph sorted by 2005 numbers and then draw conclusions for "now"
Like you're saying Kerala performs poorly (20th in 2005) but actually Kerala is 6th in 2022
Maybe a small clarification or disclaimer would've been appropriate
You have got the rankings wrong sir! Just because Kerala is placed below it doesn't have a low ranking! there is a separate column of ranking!
So true, deliberately trying to create a narrative to support the current ruling government. I just don't get why these folks are trying to defend such bs
Kerala has been a money order economy!
The table at 20:29 is weird, it seems to be sorted by 2005 ranking rather than 2022
And so the narrative that Kerala is the third from the last is bad too, so I am sure Mr. Print got the data wrong too
The Print is doing the job it has been paid to do.
Unable to understand, since it is controversial explanation. Elucidation is some where lacking to expose real data. Unbelievable.
If some of the findings are correct, how is that we as industrialists are not finding enough labour or even educated (graduates) . Appears, no one really knows how Indian data can be collated
Might be a pay issue.
Educated graduates here must be a surplus and the pay is terribl, unless it is one of the top 5% job.
@@cayocan1 A person might not work if the pay is below a certain level. They can still sruvive based on their ancestral wealth/part time jobs.
At 14:50, do these account for the jump in services exports in FY 2022-23 ? Do we have any data which differentiate between Rural capex & Urban capex ? Maybe that way we can get a sense of why private investment isn't picking up ?
The print team. One feedback. On podcasts where graphs, data etc are shown, cannot the presentor be shown in an inset mode like in cricket? Makes more sense as we hear n see the graph. Bear in mind the viewers are on a tiny smartphone
Thank you for the excellent suggestion, my friend. We will see how it can be implemented. Thank you for watching and writing in...best wishes, Shekhar
Good analysis.
Unfortunately, even with 10 years of absolute majority this Govt has failed to push through key reforms.
Too much focus on reforms tailored to benefit crony industrialists that too just one or two OR push the regressive ideology of RSS.
Very little reform which is long term, visionary and for the greater good.
I think the table shown at 21:12 has rankings sorted as per 2005 data. For example Telangana ranks 3rd in 2022 but 5th in 2005.
The ranking in 2.15 EMployment Condition Index, is misleadingly sorted by ranks in 2005! Kerala in 2005 was Rank#20 and has now risen to Rank#6 in 2022. Even the colour coding in the previous graphic shows yellow to be just below dark blue, and above light blue
So Kerala has been an outlier in performance improvement
exactly
Good catch. But doesnt change the fact that KL is the next Bengal or Punjab. Just no comparison to Tamil Nadu (my state) or Telangana or Karnataka in terms of gdp growth rate, debt to GDP ratio, etc.,
@@jeffrylouis6048 All true. I was mainly responding to SG's comment that Kerala is third from the bottom. It was yes, but not any more.
One thing clear from the report is that people are going back to low-income agriculture sector to find jobs and no reforms are taking place there. Despite all the rhetoric around manufacturing post pandemic, govt have failed to match the rhetoric to add much jobs in it. More self employed means more underpaid jobs, which certainly affects consumption. Kudos SG for bringing it up. Time for people to evaluate rightly this govt.
Somehow the data of regular salary is not making sense, because if you adjust it for inflation then it would mean the adjusted salary has fallen by 50% plus. This seems highly unlikely
How is the 2019 data of employment % adding up to 110 %
Extra 10% are the Bangladeshis and Rohingyas 😂😂
There is a typo around 14 mins 15 seconds. The percentages for primary, secondary, tertiary for year 2019 are 42%, 36%, 32% respectively. That adds up to 110%. I think the 36% is wrong, It should be 26%. That would explain at eye-popping 11% decline from 2019 to 2022, which is not possible as the percentage of the output is flat - around 31%.
Was thinking the same and that's my conclusion as well.
This Government has been allocating more than 30% of their expenditure to Capex, compared to 16% in the prevoius UPA era. Why is this report not showing improved Labour participation in Construction/ Infra sector which is a major focus area of this Government..
Dear CTC team, kindly put sections in the video..
Will make navigation easy.
Your Graphics is incorrect, total people working in 2019 adds upto 110%, please correct this.
There are many people who work as casual labourers or self employed during certain months and then go to farm their lands during rest of the months. How have these workers been categorised as?
14:19 sir the graphs are incorrect for year 2019. How can the employment percent add upto 110%.
Imagine a country boasting to be a 3rd largest economy have less than 5% of their population paying income tax. Compare this to our peers and look were we stand.
U need to take classes on how taxation works 😂😂
@@offred6013 Classes for what? His statement is factually correct, only 5% population pays direct taxes, which is the largest chunk of the taxes collected.
Around 21:09, you are ranking by year 2005, you should rank by year 2022?
Apple CEO Tim Cook: "This Is the No. 1 Reason We Make iPhones in China. The products we do require really advanced tooling, and the precision that you have to have, the tooling and working with the materials that we do are state of the art. And the tooling skill is very deep here. In the U.S., you could have a meeting of tooling engineers and I'm not sure we could fill the room. In China, you could fill multiple football fields." 21 Dec 2017
He is a puppet of China, afraid of India taking over his master's economy
How, does this relate to India? Skilling has to be done by Apple only. But if we give cheap land to Apple, you will start crying. Farmer boo hoo. If you give corporate tax cuts, then you will cry, even more. China provides these benefits. First support these measures, until then you are behaving like hypocrite.
@mg.f.9023 according to your comment you conclude that china is skilling its youth better than India.
It has been true unfortunately. I wish otherwise....
Pajjeet, check the literacy rate of china and india@@rajx7120
Employment scenario in this
so-called fifth largest economy
is bleak.36% of students in IIT
Bombay did not get placed this
year.Shame on policymakers
for making hype around blah
blah stuff.
Why west Bengal is not uttered and also not marked?
21:14 sir, you read the State ranking of 2005 instead of reading 2022 raking. Please Correct this.
“Make in India” should go as it benefits only the bigwigs and replaced by “Design in India”
20:59 There is a correction. This table is sorted based on 2005 data
@The Print, Please note that the ranking order being referred to for the employment condition index is from 2005. As of 2022, Kerala now ranks 6th in the employment condition index.
The graph & tables' screen flipped by too fast and the data were too small for one to read. I wanted to read them and figure out by myself too
Dear Sir with all due respect to your analysis of ILO data you have concluded that the unemployment is rising.if that is so than 1)the no pf PF accounts and contri to individulal pf ac should be falling the gst should be falling and the no of tax payers should be falling too and in agriculture tax free income earned on top of free electricity and ncreasong fertilizer subsidy amt ignored.is this an anti modi analysis.
What's the status viz developed countries during the same period? Particularly after pandemic and situation in China,perhaps the largest economy
Kindly post the link to the full report of ILO.Normally this used to be done. Thanks
www.ilo.org/wcmsp5/groups/public/---asia/---ro-bangkok/---sro-new_delhi/documents/publication/wcms_921154.pdf
I see an error in the data. In the graph on Agriculture and Employment share for 2019 Employment the numbers are 42 in Primary, 36 in Secondary and 32 in Tertiary which adds up to 110. All other years add up to 100 (correctly). Correcting this could change the 2019 data and lead to different interpretation and conclusions.
Update: I double checked against the original report and the number in your graph for 2019 Secondary Employment % (36) is incorrect - in the original report it is 25%. i.e. pre-pandemic there was no increase in manufacturing share of employment which went back down. Irrespective of pandemic or not, that number has stayed stubbornly at ~25% since 2012.
You call this out at 13:50 mins in your video but that particular call-out is incorrect.
Hey Print team please get your charts correct, the secondary employment % is wrong for 2019 (should be 26), also employment ranking for states is based on 2005 when Shekarji is highlighting where as it should be based on 2022.
The percentages add up to 110% for year 2019 in the given graphic of people employed in primary, secondary and tertiary sectors
I think there is an error in graph shown at 13:43. Employment % in secondary sector in 2019 should be 26% and not 36%. If we add employment % of three sectors in year 2019 i.e. 42 + 36 + 32 it is coming as 110% which is incorrect.
That's right. Started to read the comments to see if anybody else had noticed this error, too.
Number of people in agriculture increasing in the 21st century is shameful for our country.
Not in 21st century... During Covid period
@AnnoyedCassettePlayer-pf3iyI'm talking about total percent of people in economy, I'm not saying agriculture is shameful. In US they do much better farming with only 1% population. No need to be insecure.
Why shameful you r3tard
@AnnoyedCassettePlayer-pf3iyyeah sure , as if that happened
Why? Modiji delivered! India ruling the world rn.
Shekhar ji in a country with high under employment- how enabling is it to give free bee across the board without any segmentation. Isnt it enabling more and more under employment status then need / urge to work harder. Please share your views on this.
SBI PO
25 L aspirant
1700 post
Earning lakh lakh pm
Give 5 times jobs
At 1/5 pay
Infosys
TCS
Wipro
Pays engineers that much only
Gov job must be 5 pc only
Just for example... Europe, USA, and Taiwan have many family-run workshops manufacturing highly custom-designed bicycles running out of small towns. They charge 5-6lac per bicycle and sell across the world. How many Indian mechanical/metrology engineers have the mindset of running such extremely high-skill workshops from small towns?
I understand the spirit of your point. However, it is a miniscule population. US labor situation (wages in relation to buying power) is quite bad today. Real wages have been going down for a long time.
Liked the analysis as it was unbiased. Its time for us to encash on our investment towards infrastructure and move towards manufacturing sector. Next 10 years are going to be crucial for us and we need competent people sitting at the right place.
Video time 21 minutes 09 factual error kerala is 6th in the ranking considerable improvement over the period of 14 years from 20 in 2005 to 6 in 2022 please correct
Consumption rate of growth is only 3 percent? And what about load on MNREGA in last year.
The print has lost its spine as an independent news platform... the act of nudging using the speech of cea to negate the govt responsibility towards its citizens and sugar coating the bitter reality is ridiculous..its sad that even the independent media platforms have transformed into pol party mouthpieces...I hope someday this channel can revive its core principles of an independent media ..
Thankyou shekar sir for sharing the Data of the ILo and your ideas.
I am yet to meet someone who is making less than he/she made in 2012. That info sounds weird.
Do consider Inflation rate and Purchasing power of people.
Go out in public.. you will not find in govt controlled social media..
Tu iyer brahman hai ... kabhi lower class logo se milo
In the graphic that shows more work in agriculture and reap low output, the percentages of employment add up to 100% in all years except 2019. In 2019 they add up to 110%. This bump was shown in secondary sector, making it look like the secondary sector employment fell drastically
Pandemic -> People(men + women) went back to agri -> Pandemic gets over -> some went back (men) some stayed back in the village(women) -> [reduction in workforce seeking empt. + increase in underemployt. + decline in real wages]
The employmemt%numbers add up to more than 100% for the year 2019????
@sekhar I think you are reading the Table 2.15 of the report wrong. Kindly reverify.
Another point I want to highlight, if you want to peel the unemployment story you may look into youth unemployment and underemployment (figure 5.14) . And to see the table 5.19 to find where is the problem.
The welfare schemes are such a problem. Finding people willing to work is so diffcult to find. You have to put up with lot of inefficiencies for labour to continue working.
Your second slide shows 2019 total employment adding upto 110%. Agri- 44%, secondary- 36% and Tertiary 30% !! Pl recheck the data given by Nikhil.
SG suggests the way to increase income is by going away from farming. How about thinking the ‘Paani Foundation Way’? They are confident that every farmer has the potential to earn 1 lac rupees per acre, provided the farmer adopts ‘group farming’, ‘scientific farming’ ‘poison free , mostly natural farming’ and ‘smart marketing’ of products. Can he invite specialists from agriculture / horticulture areas on his show?
Modi has spoiled the ambitions of billions of young talented people. He helped the richer people to become richest people in their areas to collect more funds for his own political party and also for himself too.
Have you noticed that on graph 2, employment % for the year 2019 is adding up to 110% (which is wrong)
Data on secondary employment percentage in 2019 should be 26% not 36%. 36% is INCORRECT because the total comes out to be 110% (42% for primary + 36% for secondary + 32 % for tertiary)
Salaries going down - my question is if these numbers adjust for inflation over that period 2012-2022
14:47 the 2019 data is wrong. The total of employment percentage adds up to 110 percentage
Very interesting... Thanks
Thank you for enlighting.
Self Employment is not fending for themselves. Its independence.
11:30 Total employment for Yr 2019 appears to be incorrect (110%).
When the topic involves graphs, they must be continuously displayed, so that the viewers stay connected
They are working in Zemato or swiggy. They underemplyed even afrer higher education and most of the job gone due change from 3 shift to 2 shift and loss of one shift job gone in manufacturing and service sectors. This is not good for heavily populated countries like India
6:25 I have different POV for increase in self-employment. Reason isn't that jobs were reduced but people were able to setup their own business in the period of working from home. So self-employment is increased.
And good thing is casual jobs are decreasing continuously.
Most important ----
- can/HAS any govt completely filled ALL vacancies
- what are the repurcuation of the above.Will the govtbe able to pay salaries and pension
- hence the need FOR PRIVATION
In second graphic from 8:10 , Total of 2019 %of employment in Agriculture, secondary and tertiary services is 110%. Graphic as well as conclusion made based upon that is incorrect.
Unless govt focuses on labour intensive manufacturing Employment is not gonna catchup. And these sectors are most neglected. Textile garments , luxury goods, footwear, sports wear, real estate, metals, chemicals, food processing, spare parts nut bolts msmes etc.
Primitive mind set
Why not services?
@@svacharya8180 what is primitive in this?
@@cayocan1 services dont generate lots of jobs. Service led growth results in jobless growth
2019 figures in the 2nd graph are erroneous. Employment as a percentage if added up for all sectors go up to 110%. I think the share of employment in secondary is mistaken as 36, which should have been 26!
Sekharji
Regarding employment condition kerala is not the laggard in 2022. Pl check
The corresponding labour force in agriculture in China is about 23 % (same ILO report) - so it will ideally take more like 2 decades to get it down to below 25%
TRUTH ALWAYS TRIUMPHS
Do self-employed people declare their full income? For tax reasons or just not to draw attention.
Amazing infrastructure development with no jobs!!
Sg, fantastic analysis and interpretation of ILO data for easy understanding
Excellent episode!
Wrong data on sum of Employment% for 2019 data set. Sum is 110%. It should be 100% at 15:00 minutes mark
Incorrect reading of employment condition of states in table 2.15. Sekhar is reading out 2005 rankings instead of most recent data.
There is no proper supply chain system,like proper storage facility and food grain industries etc,in rural India.
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
While the report is great and we'll informed we must keep in mind data is upto 2022 and there were 2 covid years I.e 2020-2021 in between that skewed this situation. It is likely things will improve from this year as private income picks up and as a result more and better paying regular jobs are created alongwith shift towards manufacturing.