Massive decline in employment in villages which is not auspicious for the country's economy: report

At least 54 working in the organized and unorganized sectors in the month of October alone. As many as 6 lakh Indians have lost their jobs, according to the CMIE, India's watchdog. The report further states that the number of job losses would have been even higher, but the figure has been lower due to employment opportunities in the fields of information technology, retail and education. Although there has been an increase in jobs in the cities, there has been a sharp decline in the villages which is not auspicious for the country's economy

According to the monthly statistics of those who control the Indian economy, in October 40. 08 crore citizens have got employment. Although it is September 40. 62 than the figure of 62 crores. 4 lakh less.

Both employment and jobs are lower in October than in September. The country's labor force participation rate (Labor Force Participation Rate) in September was 40. It was 66 per cent, down from 40 in October. 41 percent. This rate in August 40. Was 52 percent.

The hope is that jobs for urban people will be higher in October than in September. 12 lakh opportunities have been increased. Against this, the opportunity for organized-unorganized employment for rural citizens has been reduced by 60 lakh.

If we look at the sector, 70 lakh jobs have been lost due to the collapse of the construction sector in the industries. Hundreds of enterprises like Swiggy, Zomato, Reliance Green have seen a break in unemployment due to growth in the service sector, which ranges from delivery to various jobs. In urban employment, employment opportunities in information technology, retail, textiles, etc. are increasing. In contrast, there has been a sharp decline in agriculture, labor, etc. in the villages.

Experts believe that the country's economy will improve only if employment in rural areas increases.