Chidambaram asks how economy is growing when unemployment rate at highest
New Delhi, Feb 1: Former finance minister P Chidambaram Friday raised doubts over the GDP figures, wondering how the economy is growing at 7 per cent when the unemployment rate was the highest in 45 years.
Taking a dig at the Centre, he claimed that when the government revised the GDP figures it did not realise that the unemployment figures also got revised.
Chidambaram's remark came ahead of the interim Budget on Friday.
The government Thursday said it has not finalised the survey on labour force which reportedly showed that the unemployment rate in the country hit a 45-year high of 6.1 per cent in 2017-18.
The National Sample Survey Office's (NSSO's) periodic labour force survey (PLFS), according to the Business Standard newspaper, states that unemployment was last this high in 1972-73. The unemployment rate was 2.2 per cent in 2011-12, it said.
"NITI Aayog vice-chairman asked 'How can a country grow at an average of 7% without employment?' That is exactly our question. With unemployment at a 45-year high, how can we believe that the economy is growing at 7 per cent," Chidambaram said on Twitter.
"Modi Government revises GDP growth figures upward. What government did not realise was that unemployment figure was also revised upwards," he tweeted.
On Thursday, Niti Aayog Vice Chairman Rajiv Kumar, who had previously mounted a defence of lowering of UPA-era GDP growth rates, at a hurriedly called press conference said the report cited by the newspaper "is not finalised. It is a draft report".
The report generated a lot of controversy, with Congress President Rahul Gandhi saying the Modi government had promised two crore jobs, but five years later a "leaked job creation report card" has revealed a "national disaster".
Chidambaram also took a swipe at the government over claims of high growth despite demonetisation and asked if this time Rs 100 notes would be demonetised.
"The demonetisation year was the best year of growth (8.2%) under Mr Modi. So, let's have another round of demonetisation.This time let's demonetise 100 rupee notes," he said.
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India, China bear brunt of Trump's tougher visa policies: report
Washington (PTI): India and China bore the maximum brunt of tougher immigration policy unveiled by the Trump administration which issued 2.5 lakh fewer visas in the first eight months of 2025 compared with the same period in 2024, according to a media report.
From January to August 2025, the State Department approved 11 per cent fewer permanent resident and temporary visas compared with the same period a year before, according to State Department data released in early March.
These visas are generally issued for students, workers, and family members of citizens and legal residents.
The 11 per cent drop doesn't include tourist visas, which also fell during the same period, the Washington Post reported on Sunday.
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According to the report, visas for Chinese and Indian nationals fell by about 84,000 compared with the same period in 2024, largely reflecting a drop-off in international students and workers from those countries.
Business and tourism visas declined by about 3.4 per cent in the first eight months of 2025 compared with that period a year earlier, a drop of nearly two lakh visas.
Between January and August 2024, the US had issued more than 3.44 lakh student visas, the number declined to a little over 2.38 lakh during the same period in 2025.
The family preference visa, which includes adult children and siblings of US citizens fell by more than 27 per cent or by over 44,000.
The visas issued to sea and airline workers also reduced by 30,876, while those issued for culture exchange visitors declined by 29,594.
The visas issued to fiance/spouse declined from 37,229 in the first eight months of 2024 to 18,894 for the period under review in 2025.
White House spokeswoman Abigail Jackson said in a statement that “President Trump was elected with a resounding mandate to put American citizens first and every policy decision he’s made has reflected that priority.”
In a statement to The Washington Post, State Department spokesman Tommy Pigott said: “A visa is a privilege, not a right. Unlike the Biden administration, President Trump is not willing to compromise the safety of American citizens to allow mass migration of unvetted foreign nationals into our country.”
