After two years of strong growth, an economy growing 8.2% from 2023 to 2024 would normally have been seen as an election asset. Current AdministrationThe majority of people Standards of livingBut the ruling party wanted to make it a key policy in the election campaign. Neither happened. The reason: India Jobs crisis,it is Price Increase.
There were plenty of signs that a shortage of decent jobs was a big problem — not surprising, since official data shows that GDP, or economic output, recovered quickly after COVID-19 but without a commensurate growth in quality jobs. Formal job.
The biggest indicator of a lack of sufficient jobs is the growing number of people classified as self-employed. In India, self-employed teeth, GDP growth rate Creating formal jobs.
From 2020 to 2021, the number of self-employed people per 100 working population increased. In 2022-23, not only were 57.3% people self-employed, but of these, around 18.3% were unpaid workers in household enterprises. The number of unpaid people working has increased since the pandemic, indicating that a significant number of people are not benefiting from GDP growth. Not only that, around 46 out of every 100 working Indians were engaged in agriculture in 2022-23, which was higher than the pre-COVID years.
There were plenty of signs that a shortage of decent jobs was a big problem — not surprising, since official data shows that GDP, or economic output, recovered quickly after COVID-19 but without a commensurate growth in quality jobs. Formal job.
The biggest indicator of a lack of sufficient jobs is the growing number of people classified as self-employed. In India, self-employed teeth, GDP growth rate Creating formal jobs.
From 2020 to 2021, the number of self-employed people per 100 working population increased. In 2022-23, not only were 57.3% people self-employed, but of these, around 18.3% were unpaid workers in household enterprises. The number of unpaid people working has increased since the pandemic, indicating that a significant number of people are not benefiting from GDP growth. Not only that, around 46 out of every 100 working Indians were engaged in agriculture in 2022-23, which was higher than the pre-COVID years.
House of Representatives elections
Parliamentary elections
The lack of vacancies means that many who returned to their villages during the lockdown can no longer return to agriculture, the lowest-paid and most precarious sector.
If you look at the swaths of India where the BJP lost seats — eastern Uttar Pradesh, northern Karnataka, and eastern Maharashtra (all among the poorest states) — you can see that GDP went off track in many places, with incomes stagnating and the impact of inflation worsening, even if they were not high by historical standards.
