India's unemployment at 45-year high in 2017-18: NSSO report
New Delhi, Jan 31: The National Sample Survey Office’s periodic labour force survey (PLFS) has said that in 2017-18, the country’s unemployment rate stood at a 45-year high of 6.1%.
This data was collected by the NSSO between July 2017 and June 2018 and is the first official survey of the country’s employment situation after Prime Minister Narendra Modi announced the demonetisation of high-value currency notes in November 2016.
Earlier, surveys conducted by the Centre for Monitoring Indian Economy had said that 1.5 million jobs were lost just in the first four months of 2017 – immediately after demonetisation.
According to Business Standard, the report states that unemployment was last this high in 1972-73. To compare, the unemployment rate in the country had gone down to 2.2% in 2011-12, according to NSSO data.
Youth unemployment was much higher in 2017-18 than in previous years, according to the government report, and “much higher compared to that in the overall population”.
Joblessness for rural male youth (aged 15-29) went from 5% in 2011-12 to 17.4% in 2017-18. For rural women in the same age group, joblessness went from 4.8% in 2011-12 to 13.6% in 2017-18, according to Business Standard.
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Rickelton's ton in vain as SRH beat MI by 6 wickets
Mumbai (PTI): Ryan Rickelton's whirlwind unbeaten ton was overshadowed by Heinrich Klaasen's unbeaten 65 as Sunrisers Hyderabad defeated Mumbai Indians by six wickets in an IPL match here on Wednesday.
Chasing an imposing 244-run target, Travis Head (76 off 30) and Abhishek Sharma (45 off 24) shared 129 runs for the opening wicket to set the platform for SRH.
Klaasen (65 not out off 30 balls) then displayed his all-round hitting abilities to guide SRH home with the help of Nitish Kumar Reddy (21) and Salil Arora (30 not out off 10) in 18.4 overs.
Earlier, Rickelton's knock powered MI to 243 for five.
MI rode on a 93-run stand between Rickelton (123 not out off 55 balls) and Will Jacks (46 off 22) in 7.1 overs for the opening stand to power the side.
MI skipper Hardik Pandya scored a valuable 31 off 15 balls before being dismissed.
Praful Hinge (2/54), Eshan Malinga (1/29), Sakib Hasan (1/39) and Nitish Kumar Reddy (1/31) were the wicket-takers for SRH.
Brief Scores:
Mumbai Indian: 243 for 5 in 20 overs (Ryan Rickelton 123 not out; Praful Hinge 2/54).
Sunrisers Hyderabad: 249 for 4 in 18.4 overs (Travis Head 76, Heinrich Klaasen 65 not out; AM Ghazanfar 2/51).
