In India, the study found that the number of working men in the last 25 years has been drastically reduced.
The Indian Express made research on the Periodic Labour Force Survey which will be released by the National Sample Survey Office.
In the year 2017-18, the number of working men in India decreased to 28.6 crores. This is the most acute fall in the past 25 years.
The number of working men in the country during 1993-94 was 21.09 crores. Then the number of working men population increased.
As per the 2011-12 statistics, the number of working men was 30.4 crores across India. Thereafter, the number was declining.
In the year 2017-18, the number of working men decreased to 28.6 crores, 1.8 crore men have lost their jobs.
Compared to 1993, employment in both urban and rural areas declined in 2017.
Employment collapse has increased to 6.4 per cent in rural areas and 4.7 per cent in urban areas.
Over the last five years, a total of 4.7 crore people have lost their jobs. It is more than the Saudi Arabian population.
In rural areas, 68 per cent of the women and 96 per cent of men in the urban population lost their jobs.
Thus, the country’s unemployment rate has risen to 6.1 per cent says the National Sample Survey Office.