New Delhi, Oct 1: While the central government has approved recommendations of the 7th Pay Commission, a majority of workers in India get a monthly salary which is less than what was recommended by the 7th CPC, according to a report, which was released by the Centre for Sustainable Employment of the Azim Premji University.
According to the report, 82 per cent of male and 92 per cent of female workers earn less than Rs 10,000 a month. Notably, the 7th Pay Commission recommended Rs 18,000 as the minimum salary for a month for central government employees. “This suggests that a large majority of Indians are not being paid what may be termed a living wage, and it explains the intense hunger for government jobs,” stated the report.
The report, ‘State of Working India 2018’, also said the country has the highest rate of unemployment in 20 years. It also said the open unemployment is also rising among the educated youth in the country.
“Even as GDP growth rates have risen, the relationship between growth and employment generation has become weaker over time. In the 1970s and 1980s, when GDP growth was around 3-4 per cent, employment growth was around 2 per cent per annum. Since the 1990s, and particularly in the 2000s, GDP growth has accelerated to 7 per cent, but employment growth has slowed to 1 per cent or even less. The ratio of GDP growth to employment growth is now less than 0.1," it stated.
(The above story first appeared on LatestLY on Oct 01, 2018 06:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).