Sharp Rise In Unemployment Rate in the Last Few Months - Chart Of The Day 15 November 2018 - Equitymaster
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Sharp Rise In Unemployment Rate in the Last Few Months
Nov 15, 2018


A critical factor in the upcoming elections could be the jobless population of India.

Governments, past and present, have continued to face challenges on the employment front.

According to the latest CMIE data, the unemployment rate in India has shot up to 6.7% from 5.3% in June 2018.

The upheaval in the unorganised sector has a lot to do with the increase in unemployment.

Post GST and Notebandi, there has been a gradual shift from the unorganised to the organised sector.

However, a majority of India's workforce is employed in the unorganised sector and they have been badly hit.

The movement of this workforce in the organised sector has been slow. A big reason has been the lack of skilled employees.

India faces a severe shortage of skilled workers who are in high demand in the organised sector.

The challenge for the government will be to improve quality and quantity of the skilled workforce in the country.

With the general elections due in May next year, this is easier said than done.

Until then, you should protect your portfolio with select safe stocks.

My latest report is all you need - 7 Stocks To Profit From This Market Crash.

Data Source: CMIE

This Chart Of The Day was published in The 5 Minute WrapUp - Should You Fasten Your Seat Belts Before the Elections?

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