WATCH: "New Round Of NSS Survey Will Show Substantial Employment And Job Creation," Says EAC Chairman Bibek Debroy On Jobs Debate

Economy

Bibek Debroy, the Chairman of Prime Minister's Economic Advisory Council (PMEAC), spoke about employment and jobs creation in a video posted by the Raksha Mantri Nirmala Sitharaman. He also highlighted the Modi government's contribution to enabling of jobs creation. He also commented on NSS surveys and what accounts for a credible source of data to track job growth.

Written By Apoorva Rao | Mumbai | Updated On:

Bibek Debroy, the Chairman of Prime Minister's Economic Advisory Council (PMEAC), spoke about employment and jobs creation in a video posted by the Raksha Mantri Nirmala Sitharaman on her Facebook page. He also highlighted the Modi government's contribution towards enabling of jobs creation.

He also commented on NSS surveys and what accounts for a credible source of data to track job growth.

Here is what he said:

"One of the things we sometimes do not realise, is that we do not have robust statistical data on job creation for 2011-2012. However, the discussion happens on basis of data which is dated. 2011 was last year when NSS had large scale surveys on the state of employment generation.That does not prevent people from discussing them. 

We will have a new round of NSS survey. I ensure that that particular survey will show that we have substantial employment and job creation.

India is still an informal and unorganised country and hence the kind of surveys we have are enterprises. Enterprise surveys do not tell us anything and provide an imperfect understanding of what is happening in India. Self-employment highest in India and is in the unorganised sector and informal sector. It does not tell us anything. We can only come to know through household surveys which is what the NSS does.  

The first thing to know is what is the role of the Modi government. A large part of what happens about employment depends on the state government. What the Centre can do is enable enterprises to run which is what Modi government is doing. When the PM says Stand-up India, Startup India... it is the basis of the Mudra loan.

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The first thing to be done is to create infrastructure for health and education. This is what the Modi government has done in terms of enabling people - provision of transportation, electricity, gas provision, and other kinds of health and education interaction. Sometimes there is a lack of correlation between education and jobs.

One needs to flag what has happened in the area of skill formation, not just in urban but also in rural areas.

A combination in all of these things means economy is doing well, growth rates are higher, which means there is employment generation,  people are able to find jobs which are not in the government sector... jobs which are created outside manufacturing, service sector, rural sector which means apart from the farmer activities, jobs which are not classical agriculture but processing of agriculture - refrigeration, transport, etc

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One more thing is that people are opting out of jobs, people under 21 are opting out of the job market is a good sign as they are enrolling for higher education. A large number of enrolment is happening in higher education.  

The real issue is the quality of jobs, wage rates. A lot of people who have spent money on education are not happy with the kind of jobs available. I want to flag that the Modi government creating portals for people to seek appropriate jobs."

 

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