Are Indians really 'Jobless'? Statistics show India has lowest unemployment rate of 5.36% in 12 years

Job losses due to the COVID19 pandemic were undeniably inevitable due to the lockdown and worldwide economical crisis but when we check the statistics, the entire truth about Unemployment is no where near to what the opposition keeps on claiming.

Under the Congress’s UPA government till 2014, the unemployment rate was highest and post the new elected govt came in action, a steep decline in the unemployment rate can be noticed till 2019.

On 17th September, Congress and the Gandhi family mocked PM Modi’s birthday as the ‘National Unemployment day’ but seems like they either did not study the facts right or they were so unskilled/unsuitable for jobs that they never got one.

In the graph from 1999 till 2019, the unemployment rate was the highest in 2003 at 5.73%, declined gradually to hit the lowest mark in 2008 at 5.28%. Later after the massive joblosses in India during the recession, the sudden plunge in unemployment took the rate to 5.67% in 2014.

Post-election and change of government in 2014, the gradual decline in unemployment rate resulted to 5.33% in 2018 which was also the lowest in the previous 10 years but as far as we remember, Congress even then mocked BJP for jobs.

We can’t deny the fact that economy and GDP of India is a total disaster right now but falsefully creating an unrealistic scenario is wrong as well and nothing but a political stunt by the opposition before the upcoming elections for which the people are falling.

Prior to the pandemic, India was set off for even a better situation of jobs although, the year-end stats will decide the real view. There has been an undeniable exponential rise in job losses worldwide and the government cannot be blamed for it as it was bound to happen as businesses shut down across the world, affected by recession or as FM Nirmala Sitharaman calls it ‘Act of God’.

Source: CEIC Data, Statista, World Bank