During May-Aug 2019, an estimated 404.9 million people were employed in India. This meant that 2.5 million more people were employed during this period compared to a year ago, when employment was of the order of 402.4 million, according to a CMIE survey.
“This is a healthy sign because during the preceding two May-August periods, employment had fallen in a similar year-over-year comparison. Employment during May-August 2018 was 5.5 million lower than it was in May-Aug 2017. which, in turn, was 0.6 million lower than it was in May-Aug 2016”, said Mahesh Vyas, CEO of CMIE.
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May-August 2019 is also the second consecutive Consumer Pyramids Household Survey, which is conducted over a four-month period, to have recorded a sequential increase in employment. “While all this is good news, the not so good news is that the increase in employment in the latest survey is distributed more in favour of sectors that should be seeing a fall in employment,” said Vyas
Source: Times of India
