There are a raft of articles on how employment has slowed down under the Modi regime. Here is one from the Telegraph. The statistics are clear - We created 10 lakh jobs in 2009, 4.19 lakh jobs in 2013 and 2.31 lakhs in 2016. Essentially, we are in big trouble. If indeed this argument is true, why is it that there are no popular protests against the Government?
One argument is that people trust Mr. Modi and they are waiting patiently. This is a fair argument particularly when there is no guarantee that the Opposition is likely to do any better. But is it possible that there is another reason? Let me lay down the statistics for you.
I accept that some of the numbers above are not perfect but I hope I am able to make the larger argument that the headline statistics cover only 4 per cent of workers, the rest 96 per cent of the employers are likely to be absorbing large number of employees. Also the fact that 2-3 million people retire every year and their replacements are not counted anywhere. Add more wealth and access to inexpensive food and in sum total you have a problem that is less pronounced than before. It is not to suggest that there is no slowdown in employment, this is only to say why there is no song and dance about it among general public at this moment.
However, as media coverage increases and the opposition makes a lot more noise about it, unemployment will become a much larger issue going forward. In particular, the large number of engineering graduates who are likely to be unemployed over the next two years. In the meanwhile, the government can only hope that the economic recovery is complete and many more jobs are created to hire this bulging group of unemployed Indians.
Trouble is not far away.
(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)