According to the Periodic Labour Force Survey (PLFS) by National Sample Survey Office, the overall unemployment rate in the country in FY18 was at 6.1%.
However, the current survey, according to the government, is conducted in different method compared to the previous surveys.
But unemployment remains a problem, and the Government must take initiatives to make full use of the younger population to boost the growth and development of the economy.
The parliament had passed Special Economic Zone Amendment Bill, 2019. This Amendment allowed “trusts and any entity” to set up units in the SEZ. It aims to boost investment and generate employment in a wide range of economic activities, including in the infrastructure sector. This Bill opens up the possibility for all types of trusts to operate from the SEZs – public charitable trusts, private trusts run by big and small corporate houses, business trusts like the real estate investment trusts and infrastructure investment trusts and port trusts run by the government. The SEZs are of importance to the Indian economy as they are the catalyst for its growth. However, in India, its full potential is not being utilized like that of China. This new step may boost the SEZs’ potentials. However, necessary steps must be taken by the government to ensure that there is equal economic growth of the nation and not just in the SEZs.
The Corona pandemic since it hit the world has been successful not only in exposing the sorry state of health systems around the world but also able to put some hard questions to policymakers about issues of polity, society, and economy. India’s case has been no different than the others. In India, the pandemic and its impact has been most starkly visible in the long march of migrants to their native states for the lack of livelihood opportunities in the migrated cities and states. As this is the response of migrants, the host states are grappling with economic issues of slowdown and unemployment. And once again, many states have sought to answer those questions with old strategies, one of which is nativism
Fear and apprehensions of the permanent residents of Jammu and Kashmir following the abrogation of special status have escalated due to the recent domicile amendments. These amendments allow Indians from across the country to apply for local government jobs based on said criteria. These new domicile rules opened avenues of employment for non-permanent residents within the union territory. The Centre is currently faced with numerous criticisms as the new domicile rules can reduce the employment opportunities for the local youth.
As the Government passes the new labor laws and when the sudden loss of employment of thousands of laborers during the Covid 19 pandemic captures the limelight, the question of the right to work has become a focus of many. The ‘’right to work’’ is an essential part of human life. One must work to earn and fulfill the basic needs of one’s life. It is considered to be one of the foundations for the realization of other human rights. But time and again this right has come into question. It thus becomes important to understand this issue and see its various aspects to come to a legitimate conclusion.