Unemployment

 ई-कॉमर्स फैला तो आ जाएगी तबाही, क्यों कहा पीयूष गोयल ने? https://www.youtube.com/watch?v=-IiY0dvm57I Ravish Kumar Official  Aug 22, 2024
ई-कॉमर्स को लेकर जो कहा जा रहा था, अब मंत्री पीयूष गोयल भी वही कहने लगे हैं। बस उन्हें ये बात दस साल बाद समझ आई है कि ई-कॉमर्स का जाल फैलता है तो गली-मोहल्ले की दुकानें बंद हो जाती हैं। कई देशों ने इसे रोकने के लिए स ख़्त नियम बना दिए हैं कि कुछ चीज़ें आपको नुक्कड़ की दुकानों से ही लेनी होगी। बड़ी बात यह है कि गोयल ने ई-कॉमर्स से रोज़गार बढ़ने का दावा करने वाली रिपोर्ट को ही रिजेक्ट कर दिया। ऐसा कभी नहीं हुआ है। पूरा वीडियो देखिएगा। Google translate: Whatever was being said regarding e-commerce, now Minister Piyush Goyal has also started saying the same. It's only after ten years that they have understood that as the network of e-commerce spreads, the shops on the streets close down. To stop this, many countries have made strict rules that you will have to buy some things from street shops only. The big thing is that Goyal rejected the very report claiming that e-commerce will increase employment. 

 Were eight crore new jobs created in three years? https://www.thehindu.com/business/Economy/were-8-crore-new-jobs-created-in-three-years/article68551862.ece  August 22, 2024 Prime Minister Modi, based on the India-KLEMS database, claimed that India created “eight crore new jobs in the last three to four years”. However, analysts are questioning the methodology used to estimate these numbers. They argue that little meaningful employment was created in these years  .

The SBI report, however, estimates the total number of workers from ASUSE (The ASUSE covers only unincorporated non-agricultural establishments in manufacturing, trade and other services.)  as 56.8 crore, and claims comparability with the figures in India-KLEMS. ( KLEMS stands for Capital (K), Labour (L), Energy (E), Material (M) and Services (S).)

Clearly, the SBI report assumed a certain number of workers employed in sectors not covered in ASUSE — such as agriculture, construction, registered factories, corporate sector, government and cooperatives — using other household surveys that employ different concepts and methodologies. It then added those numbers to the number of workers in ASUSE to arrive at the inflated estimate of 56.8 crore workers. But there is no scientific basis for such an indirect method, that too to make an inane and motivated validation.

To sum up, data from India-KLEMS, which was designed for very different purposes and uses questionable methods, are being used to drive a specific political narrative on employment generation. But the real culprit in this episode is the Government of India, which has refused to organise the new decadal Census till date

 India Needs To Create LOTS Of Jobs In A Short Time: IMF's Gita Gopinath At Delhi School Of Economics https://www.youtube.com/watch?v=bZhEUWVkhNI Mint

"India Set To Be Third Largest Economy By 2027.." | Gita Gopinath On India's GDP, Underemployment & More https://www.youtube.com/watch?v=sFzrNZx_3Jw Mojo Story

Centre needs to incentivise states to implement labour codes, says IMF's Gita Gopinath  https://www.youtube.com/watch?v=nMTdjnwyg2c ThePrint

IMF | How Can India Create More Jobs? IMF's Gita Gopinath Has Some Tips https://www.youtube.com/watch?v=wsnUvqYmSFA NDTV  Aug 17, 2024 India will need a multi-pronged approach to create jobs instead of targeting only a few areas to add more workers, the International Monetary Fund (IMF) First Deputy Managing Director Gita Gopinath told NDTV today.. She said at least in India, any disruption caused by artificial intelligence (AI) in the jobs sector will have a lower impact as a majority of India's workforce is in labour-intensive agriculture. "India has done extremely well in headline growth numbers... It is the fastest-growing major economy in the world. If you look at the last decade, growth has averaged around 6.6 per cent. Certainly India's growth has been much more capital intensive, but much less in hiring a lot more workers, in creating a lot more jobs," 

Comments: Our Economic establishment always knew this.. The problem seems to be the advice of the new laterally inserted Economic Bureacracy..