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Meeting No: 2514 030 8490
Password: jobless

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Abstract

Unemployment remains a significant challenge for India's economy, impacting growth and development due to the nation's large and diverse workforce. Recent data from the Centre for Monitoring Indian Economy (CMIE) indicates that the unemployment rate decreased to 7.8% in September 2024 from 8.5% in August 2024. However, the labour participation rate also dropped from 41.6% to 41%, and the employment rate fell slightly from 38% to 37.8%. These fluctuations highlight the complexities of the employment landscape in India. The panel shall deliberate on these complex situations and put forward a path to address the issue of unemployment in India.

About the Speakers

Mahesh Vyas

Mahesh Vyas is the Managing Director and CEO of Centre for Monitoring Indian Economy Pvt Ltd (CMIE), having joined in 1980 and taken on his current role in 1997. Over four decades, he has closely observed significant changes in the Indian economy.

He is the chief architect of CMIE’s proprietary databases, including Prowess, CapEx, and the Consumer Pyramids Household Survey. Prowess is the largest database on Indian company performance, CapEx tracks investment projects, and the Consumer Pyramids Survey is India’s largest household panel survey.

Mahesh writes for CMIE’s Economic Outlook and leads the analysis teams. He is a member of the Securities and Exchange Board of India’s Market Data Advisory Committee and has served on various boards, including Geojit Financial Services Ltd. He has participated in several government committees, such as the High Level Committee on Auditor-Company Relationships and the Expert Group for Poverty Measurement methodology.

Santosh Mehrotra

Santosh Mehrotra is Visiting Professor, Centre for Development Studies, University of Bath, UK and former Professor (Economics) and Chair of the Centre for Informal Sector and Labour, Jawaharlal Nehru University, New Delhi. Santosh spent 15 years with the UN (1991-2006) in research positions, heading UNICEF’s global research programme on social/economic policy at the Innocenti Research Centre, Florence, and as chief economist of the global Human Development Report New York. He returned to India to head the Rural Development Division and Development Policy Division of Planning Commission (2006-09).He was also the Director General (2009-14) of the National Institute of Labour Economics Research, Planning Commission, in the rank of Secretary to the Government of India.

He advises the current NITI, the Ministry of Labour, and the Ministry of Skill Development. He is the lead author of several chapters of the 11th & 12th Five Year Plans of India, and the India Human Development Report. He has a huge number of publications in reputed Indian and Foreign journals. He regularly writes on labour issues in various newspapers. His writings have been translated into Hindi, Spanish, French, Russian, German and Portuguese.