Forget job growth, employment is falling

Описание: Data from the latest KLEMS India database shows that employment in the Indian economy shrank by 0.1% in 2015-16 and by 0.2% in 2014-15. The KLEMS India data indicates that not all the people moving out of agriculture in India have been able to find employment in other sectors, let alone productive sectors. Employment in the total Indian economy shrank by 0.1% in financial year 2015-16 and by 0.2% in 2014-15. Far from more jobs being created, employment has actually contracted.


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