All stories by Mahesh Vyas
Jobs return to urban India at last
Rediff.com5 Aug 2020The employment that is returning is mostly essential services required by Indian households. Most urban Indian households cannot function without a retinue of maids, cooks, drivers, cleaners, notes Mahesh Vyas.
Work has begun in urban India, but, differently
Rediff.com16 Jul 2020'Usually, urban wage rates are 50 per cent higher than rural wage rates. But, this could be narrowing very rapidly now,' points out Mahesh Vyas, CEO, Centre for Monitoring Indian Economy.
Hurrah! Unemployment rate falls sharply as India unlocks
Rediff.com24 Jun 2020'People are getting back to work.' 'The worst seems to be over.' 'It is very likely that the recovery is mostly among the informal, self-employed, workers who cannot afford to be away from work for too long,' notes Mahesh Vyas.
122 million jobs have been lost because of the lockdown
Rediff.com20 May 2020'Over 27 million youngsters in their 20s lost their jobs in April.' '33 million men and women in their 30s lost jobs in April,' points out Mahesh Vyas.
For many, this is not a lockdown, but a knockout
Rediff.com23 Apr 2020'The economic impact of this lockdown is evidently huge.' 'Its impact on the livelihood of vulnerable sections of the society is immeasurably bigger,' observes Mahesh Vyas.
In India, jobs the biggest casualty of coronavirus
Rediff.com25 Mar 2020'The impact of economic shocks on the labour markets is usually on the young who delay their entry in response to a fall in job opportunities,' says Mahesh Vyas.
India has 76 million entrepreneurs!
Rediff.com19 Feb 2020'Wage earners are shrinking. In both, the organised and unorganised sectors. And, entrepreneurs are growing.' 'But the increase in entrepreneurship is of a kind that does not create salaried employment or daily wage employment,' says Mahesh Vyas.
A fragile economy can't afford social strife
Rediff.com28 Jan 2020Neither the CAA nor the proposed NRC are important enough to stake the well-being of so many or stake economic growth. Getting growth back on track is more important, notes Mahesh Vyas.
Beware! Economy headed for greater trouble
Rediff.com13 Dec 2019'The large scale and widespread shrinking of the labour force in November, the peaking of unemployment in October and the fall in lead indicators in October and November point towards a worsening of the slowdown of the Indian economy in the third quarter of 2019-20,' says Mahesh Vyas.
What matters is employment, not unemployment
Rediff.com25 Nov 2019'The high unemployment rate being witnessed today is not only the highest in three years but is far more debilitating for the economy than the similar unemployment rates witnessed in 2016,' says Mahesh Vyas.
The truth behind India Inc's wage 'rise'
Rediff.com8 Nov 2019'The 5.3% growth in wages per employee is the lowest growth in nine years,' points out Mahesh Vyas.
Jobs data: Less ambiguity likely
Rediff.com11 Jun 2019Users of employment / unemployment statistics can enjoy the benefits of -- initially the speed of private enterprise and then, the stamp of official statistics with a hopefully small time lag, says Mahesh Vyas.
Jobs, the most important issue among voters this election
Rediff.com6 May 2019It keeps getting harder every day for the government to drive its narrative that ample jobs are being created. They sound increasingly silly as they try to defend the indefensible, says Mahesh Vyas.
Frying pakoras or becoming chowkidars is nobody's life ambition
Rediff.com3 Apr 2019The BJP needs to worry about the kinds of professions it has landed up glorifying -- chai vendors, pakora vendors and now guards. These are not professions that any one of its voters would like to cherish, points out Mahesh Vyas.
There is only one way to measure employment
Rediff.com28 Mar 2019It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
How India's demographic dividend is being eroded
Rediff.com24 Feb 2019Rural and urban regions present different labour participation and employment levels. These differences also are not tuned to India exploiting its demographic dividend, says Mahesh Vyas.
Melas, rallies and the problem of unemployment
Rediff.com31 Jan 2019If everyone had decent meaningful jobs, the rally maidans would be largely empty and, save for the Akhara babas and curious foreigners and the devout senior citizens, not very many would spare time for the Kumbh Mela, says Mahesh Vyas.
SHOCKING! 11 million jobs were lost in 2018
Rediff.com15 Jan 2019The 30-day moving average of the unemployment rate had climbed up much ahead by January 6, to 7.8%, says Mahesh Vyas.
10 million jobs: Was it a promise or a 'chunavi jumla'?
Rediff.com21 Dec 2018The key to job creation is to increase labour participation - draw more people into the labour force and to provide them formal jobs in the organised sectors. Self-employment is not job creation, says, Mahesh Vyas.
What the kanwariya yatra tells us about jobs situation
Rediff.com23 Aug 2018Can 3 crore out of the 8.9 crore young male population of the nine states set off on a pilgrimage that extends for about a month? If yes, then what can we infer regarding the state of the young working population in these states, asks Mahesh Vyas.