BJP ministers trumpet jobs growth after study showed 11 million jobs lost
Updated : January 24, 2019 09:57 PM IST
The independent Centre for Monitoring Indian Economy (CMIE) had estimated that 83 percent of the job losses occurred in rural areas, where two-thirds of the population lives, and its study put unemployment at a 15-month high in December.
The dismal findings would be damaging for Prime Minister Narendra Modi, whose Hindu nationalist Bharatiya Janata Party (BJP) swept to power in 2014 promising an economy that would grow fast enough to create jobs for the millions of young Indians joining the labour force each year.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more