Modi Claims 2004 to 2014 Was India's ‘Lost Decade’. Is That True? https://thewire.in/economy/modi-claims-india-saw-a-lost-decade-between-2004-and-14-is-that-true Santosh Mehrotra
1. The so-called lost decade saw the creation of 7.5 million (75 lakh) jobs in the non-farm sector annually; the 2013-19 period saw only 2.9 mn (29 lakh) non-farm jobs created until 2019 (before COVID-19) (based on government PLFS data). It fell to even less after COVID-19.
2. Youth unemployment has tripled or at least doubled before, and even after, COVID-19, compared to the UPA period.
3. Real wages rose during the so-called ‘lost decade’ (despite higher inflation), they fell in recent years (according to PLFS data).
4. The number of poor fell sharply during this earlier period, and has risen in recent years.