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Acche Din Here For Labour Force

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Acche Din seems to be here for the labour force in India, at least. Going by the results of the latest survey conducted by the labour ministry, which was released on June 3, the six-months of the fully functional NDA government (July to December 2014), 2.75 lakh jobs were created in the eight sectors, a 118 per cent jump compared to the previous six months period (July 2013-December 2013) period which saw addition of only 1.26 lakh jobs.
 
Overall, between December 2013 and December 2014, 4.21 lakh jobs were created; however, the notable point is that of these 4.21 lakh jobs, over 65% were created during the tenure of the new NDA government, the report shows. The 24th quarterly survey, conducted by labour ministry, covered 2,077 sample units across eight selected sectors.
 
Experts said these indicators show that there is confidence and faith in the new government and that the ‘Make-in-India’ campaign of the NDA government should be pursued more vigorously going forward. “There are some green flags in the labour survey. But remember the Make-in-India campaign has to create jobs across 25 sectors of the economy. So a lot of work is required,” said a senior executive in a leading consultancy firm.  
 
The eight sectors which fall in the labour ministry survey are textile including apparels, leather, metals, automobiles, gems & jewellery, transport, IT/BPO and handloom/Powerloom.
 
At the sectoral level, the maximum increase in employment is seen in the IT/BPOs sector (0.9 lakh) followed by Textiles including apparels sector (0.8 lakh). However, the worrying part in the decline in employment in sectors like automobiles, which saw jobs decreasing by 23,000 followed by the metal sector where the employment lost, was 20,000.
 
But not all is well for the labour force during the NDA government’s tenure. A close look at the data also throws up a trend of gradual decline in employment when compared from one quarter to the next. For example, while 1.82 lakh jobs were created in the three month period between April and June 2014 (remember, the new NDA government was sworn in on May 26, 2014), the next three months saw the creation of 1.58 lakh jobs. This further declined to 1.17 lakh jobs in the October to December 2014 period, the data of the labour ministry shows.
 
 
 


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