Employment crisis in the country, 50 per cent decline in manufacturing sector jobs

New Delhi, May 22, 2021, Saturday

The second wave of Corona transition in the country is also hitting the economic front hard. Different levels of lockdown have been imposed in the states and jobs are also declining due to it.

The manufacturing sector, which is the largest employer in the country, has also had a huge impact on jobs. Despite the Make in India program launched by the government to boost the manufacturing sector, jobs in the sector have declined by 50 per cent in the last five years.

According to the Center for Economic Data and Analysis, the number of jobs in the manufacturing sector has halved in 2020-21 compared to five years ago. Compared to 2019-20, the number of jobs provided by this sector in the year 2020-21 has decreased by 32%.

At the same time, jobs in the real estate and construction sectors have declined. According to statistics, there is a decline in employment in all sub-sectors of the manufacturing sector except the chemical industry. In 2016-17, 5.10 crore people were employed in this sector. At present about 27 million people are employed in this sector. The manufacturing sector contributes about 17 per cent to the country's GDP. This is not a good sign for the country and it is a sign that the country is facing an unemployment crisis.

The real estate and construction sector is also not in good shape. In 2016-17, 6.90 crore people were employed in this sector and now this figure has come down to 5.37 crore. Corona has given a boost to this sector. Being seen.