UNITED STATES OF UNEMPLOYED - USU ?

8 July 2011

UNITED  STATES  OF  UNEMPLOYED -  USU  ?

In “ Mint “ [ June 25, 2011 ], Liz Mathew and Ruhi Tewari, present following findings from the 66th round of NSSO [ National Sample Survey Office - India ] survey  :

 Ø            Number of Jobs generated

 #   Between 1999-2000  to  2004 / 05  ……..  62  Million

#   Between 2004 /05     to  2009 / 10  ……..    2  Million

 Ø            Growth in Employment Rate

 #   2004 / 05  ……………………………………………………42 %

#   2009 / 10   …………………………………………………..39.2 %

  Ø    Addition to workforce ( 2004 to 2009 ) …………..55  Million

  Conclusion ?

Since only 2 million Indians could get jobs out of 55 million added to the workforce , 53 million joined the ranks of  “ Un-Employed “ in 5 years between 2004 / 5  to  2009 / 10.

 It would be a safe guess to say that another 53 million will join this “ Army of Jobless ” in the next 5 years , ending with 2014.

When it starts marching, no border will be able to stop this army!

Let no one doubt that India is on its way to become another United States – a  “ United States of Unemployed – USU “ !

With regards

HEMEN  PAREKH