Opinion | The latest NSSO report creates opportunity for labour reform
The jobs crisis is a slow cancer but misdiagnosis continues as politicians treat it with quotas, guaranteed income
Demonetization carpet-bombed the economy, while the goods and services tax (GST) created a minefield, arbitrarily killing firms that put a foot wrong. The biggest casualty of this has been jobs. The periodic labour force survey (PLFS), conducted by the National Sample Survey Office (NSSO), reported the unemployment rate at 6.1% for 2017-18—the highest in 45 years. For revealing this terrible news, or rather confirming the reality most Indians were already grappling with, the report has been withheld by the government, leading to much drama with the NSSO. As usual, instead of dealing with the jobs crisis, the Narendra Modi government has shot the messenger.