I am not sure if it a joke or not but Indian media has treated this news item seriously. Zee News reported:
“More than half of the country`s population was reeling under unemployment during 2004-05 with urban India representing the most number of people without proper work.
According to the data released by the government on Friday, about 42 per cent of the population in the country were usually employed during the year 2004-05.
With the unemployment rate among the educated higher than that among those whose education level was lower than secondary, India was left with almost 58 per cent of its population without employment.
Rural areas accounted for 44 per cent of the employed while urban India had 37 per cent of its population employed.
In urban India, the `trade, hotel and restaurant` sector engaged about 28 per cent of the male workers while, `manufacturing` and `services` sectors accounted for nearly 24 and 21 per cent respectively of the usually employed males.”
So, according to this report of National Sample Survey Organisation:
- In India, more people are jobless than the number of employed.
- More people in rural areas are employed than urban areas.
- The more you are educated the less you likely to be employed.
- Urban women have the highest unemployment rate.
I am not that much surprised with this report as I have stated many times in this blog that India has now jobless economic growth.
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