WATCH | Ahead Of Union Budget, Mohandas Pai Counters Opposition Claims Of Jobless Growth

Economy

Mohandas Pai, Chairman of Manipal Global Education and former Director of Infosys dismissed claims of the Opposition by about jobless growth and that demonetisation led to unemployment.

Written By Digital Desk | Mumbai | Updated On:

Mohandas Pai, Chairman of Manipal Global Education and former Director of Infosys dismissed claims of the Opposition by about jobless growth and that demonetisation led to unemployment. He also denounced the jobs data attributed to NSSO.

"It is not official data. It is leaked by someone, so we should all wait till we get official data...

"This might be true, might not be true. Even if it's true, it's just based on a survey. So we should go with the available and verifiable data," he added.

Arguing that only government job is not a job, he said there are two types of jobs -- one is a formal job and the other is in the informal sector. He said according to his assessment, almost 3-4 crore jobs were created in the last four-and-a-half years

"We have verifiable data of Provident Fund accounts of almost 9 lakh companies. We have data of cars sold in past years which are being used for various cab services like Ola and Uber. We have 9 crore trucks on roads and every year there is an addition to it," Pai said.

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He said if unemployment had been such bad that it rose from around 2 per cent to 6 per cent, people would have been on the roads with placards seeking jobs or protesting for their jobs lost.

"But it's not happening... We don't see any sector where there are enough people to work, let it be shops, any factory or any other place. Everywhere people are saying that they don't have much people to work as per their need," he said.

"In the government sector, around 30 lakh jobs were created in the past 4 years or so but the net data of new jobs is around 5-6 lakh as around 25 lakh people retired also during this period also," Pai said.

With regards to claims that demonetisation led to unemployment, he said, "Abhijit Banerjee Director of the MIT lab on poverty during a panel on TV said demonetisation impacted only in 2 quarters and next quarter it disappeared".

"Demonetisation created dislocation on certain parts of India. There was an impact on construction as black money was used. I don't think demonetisatoin led to unemployment, IT collection for personal collection went by 25%," he said.

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(With ANI inputs)

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