The signal and the noise in India’s jobs data
The new subscribers to EPFO likely represent formalization of a section of the regular workforce rather than new additions to it
New Delhi: Ahead of the 2019 Lok Sabha elections, the jobs debate in India has heated up once again. Spokespersons of the National Democratic Alliance (NDA) claim the Indian economy has created an unprecedented number of jobs over the past couple of years. The opposition as well as some independent critics of the government claim that job creation has come to a virtual halt, and the past few years have witnessed “jobless growth".