The latest comprehensive data on employment in India, collected by the National Sample Survey Organisation (NSSO) has been published. This article is an attempt to interpret the data, published in EPW.
The 66th round National Sample Survey Organisation data (2009-10) on the employment situation paints a grim picture of a limited creation of jobs between 2004-05 and 2009-10, widespread withdrawal from the labour force (especially by women) and slow growth of employment in the non-agricultural sector. The shift to education among the youth is a positive development but does not by itself explain the decline of the labour force participation rate.
The article can be read here. It is also attached with this post.