China, Russia worse on jobless rate in comparison to India

India is positioned 12th among 37 “major” Asian countries when it comes to unemployment among people above 15 years but it has a better record compared to China and Russia.

India has an estimated unemployment rate of 3.6% in 2017 and only Bhutan with 2.4% and Nepal with 3.2% have a better record when it comes to its neighbours. Bhutan is ranked seventh and Nepal is at ninth position.

This was disclosed by Minister of State for Labour Santhosh Kumar Gangwar in a written reply to a question in Rajya Sabha on Wednesday. The statistics were based on the modelled estimates of International Labour Organisation in 2017 while the Ministry has said that the unemployment rate in 2015-16 was 3.7%, up from 3.4% in 2013-14.

Country

Unemployment Rate (%)

Rank

Cambodia/Qatar

0.3

1

Myanmar

0.8

2

Bhutan/Kuwait

2.4

7

Nepal

3.2

9

India

3.6

12

China/Sri Lanka

4.6

17

Russia

5.3

19

Pakistan

5.9

23

Afghanistan

8.5

26

Oman

16.9

32

Interestingly, several Gulf countries where Indians go to find jobs have worse unemployment rate compared to India. The United Arab Emirates (UAE) has a 3.8% unemployment rate while Saudi Arabia has 5.5%.

As per the list provided by the Ministry of Labour, Cambodia and Qatar with 0.3% has the lowest unemployment rate followed by Myanmar (0.8%) and Thailand (1%).

China, the communist behemoth in Asia, and another neighbour Sri Lanka have a joblessness rate of 4.6% and ranked lower at 17th while Vladmir Putin-led Russian Federation has an unemployment rate of 5.3%.

Pakistan is saddled with an unemployment rate of 5.9% while war-ravaged Afghanistan is grappling with a whopping 8.5% rate. The highest rate is recorded in Oman at 16.9% while strife-torn Yemen has 16%. Jordan, an otherwise prosperous country, has an unemployment rate of 14.9% while the The Islamic State-hit Iraq also has a very depressing number at 14.8%.

Gangwar said employment generation and improving employability has been the priority of the NDA government.

(An edited version appeared in Deccan Herald on Dec 28, 2017)

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