The world is doubting its official statistics, a charge the country has never faced in the past even when there were questions about the quality of data collected and the sample size used.
Reserve Bank of India to cut rates for second consecutive time ahead of elections, say economists in poll
After Shaktikanta Das was appointed as the new RBI governor, lending rates were lowered and the policy stance shifted at his first meeting in February
Political bickering over unemployment ignores real crisis; lack of jobs and counter-measures should be focus, not barbs
Why is the Centre hesitant to release the NSSO report officially when it has maintained that there is job growth in the country, and schemes such as 'Skill India' and 'Make in India' were working to this end?
The assessment by the NSSO conducted between July 2017-June 2018, showed the unemployment rate stood at 6.1 percent, the highest since 1972-73, the report said.
India suffers from a crisis of credible data, not jobs, and that makes for poor policymaking and meaningless debates
Disinformation over lack of jobs is so pervasive and rampant that many assumptions have become axiomatic truths.
Yesterday, Panagariya had said the task force on employment data was likely to recommend a complete revamp of the country's data collection system
The story also says that more than one crore people are added annually to India's workforce, which stands at close to 50 crore. More than 93% of these workers are employed in the unorganised sector
Market breadth was extremely positive with 1,441 stocks advancing against 374 declines on BSE
Market breadth continued to stay weak with 2,159 stocks declining against 400 advances on BSE
Market breadth bore an extremely bleak picture as 1,536 stocks declined and just 253 scrips advances on BSE
US factory activity held near a 2-1/2-year high in December and the number of Americans filing new claims for jobless benefits fell again last week, suggesting the economy was poised for stronger growth in 2014.
The reports on Thursday came a day after the Federal Reserve gave the economy a vote of confidence by announcing that it would reduce its monthly $85 billion bond buying program by $10 billion starting in January.
Painting a brighter picture of the American economy, which is on a revival mode, the unemployment rate in the US has hit a five-year low, latest official figures revealed today.
Recent US economic data is looking better and a solid jobs report for November would increase the likelihood that the Federal Reserve would start to scale back bond buying at its meeting next month, a senior Fed official said on Wednesday.
Minutes of the Fed's October 29-30 policy meeting, released on Wednesday, also showed officials discussed how to distinguish between asset buying and forward interest rates guidance, including how to enhance rate guidance once they start to taper bond purchases.
Payrolls rose by 138,000 jobs in March, 50,000 more than previously reported, and job growth for February was revised up by 64,000 to 332,000, the largest gain since May 2010.