Srinagar, April 08:The unemployment rate in Jammu and Kashmir witnessed a drastic reduction from 16.2 in December last year to a single digit of 9 per cent at the end of March, 2021, Centre for Monitoring Indian Economy (CMIE) latest report reveals, The national average unemployment stands at 6.9 per cent.
However, as per the latest rating, the graph has drastically declined in the month of March. According to the CMIE, Jammu and Kashmir’s unemployment rate is 9 per cent at the end of March. The national average is 6.5 per cent.
As per the official figures, more than 95,000 youth in Jammu and Kashmir are registered with the government’s employment exchange.
The unemployment rates are produced by CMIE using its Consumer Pyramids Household Survey machinery.
According to the CMIE, Jammu and Kashmir has less unemployment rate than Delhi, Bihar, Himachal Pradesh, Jharkhand and Tripura.
Haryana has the highest unemployment rate of 28.1 per cent followed by Goa at 22.1 per cent and Rajasthan at 19.7 per cent. Assam has the lowest unemployment rate of 1.1 per cent, followed by Madhya Pradesh at 1.6 per cent.
In December last year, Jammu and Kashmir at 16.2 per cent was the second-worst unemployment rate among states/union territories in India.
Unemployment is further expected to decline if the government’s promises of providing jobs are fulfilled.
In February, Lt Governor Manoj Sinha said his focus is on providing job opportunities to 80 per cent of the young population within the next five years.
In the 2020-21 budget speech Union Finance Minister Nirmala Sitharaman said that the government has identified 12,379 Gazetted and Non-Gazetted vacancies besides 10,000 Class IV vacancies for the accelerated recruitment drive.
Moreover, 2000 unemployed youth shall be covered under Self Employment programme and Skill training shall be imparted to nearly 5000 youth, so as to make them employable in various trades/sectors.
The government also plans to spend Rs 200 crore under “Mission Youth” for their upliftment and employment for the financial year.