New Delhi, June 5: Days after taking charge of the office, Prime Minister Narendra Modi on Wednesday ordered the formation of two new Cabinet committees that will focus on employment and economic growth. Both the committees are constituted under PM Modi’s chairmanship.
According to reports, the Cabinet Committee on Employment and Skill Development is constituted by the PM Modi and will have members including Union Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Railway Minister Piyush Goyal, Union Ministers Narendra Singh Tomar, Ramesh Pokhriyal, Dharmendra Pradhan, Mahendra Nath Pandey, Santosh Kumar Gangwar, and Hardeep Singh Puri. India's Unemployment Rate Increases to 6.1% in 2017-18, Highest in Last 45 Years
It is to be known that the committee has been constituted days after Periodic Labour Force Survey (PLFS) came out in public and which showed that India’s unemployment rate at a 45-year high of 6.1 per cent in 2017-18. Indecently, the report arrived on the same day PM Modi took charge as the Prime Minister for the second consecutive term.
Along with the Cabinet Committee on Employment and Skill Development, another Cabinet Committee on Investment and Growth was comprised which includes five members including Amit Shah, Nirmala Sitharaman, Nitin Gadkari, and Piyush Goyal. GDP For Financial Year 2018-19 Down To 6.8% vs 7.2% in 2017-18, Q4 GDP Falls To 5.8%; India Loses Fastest Growing Economy Tag.
Earlier in the PLFS report, it was stated the unemployment rate for males was higher at 7.1 per cent in urban areas compared to 5.8 per cent in rural areas. For women, it was 10.8 per cent in urban areas compared to 3.8 per cent in rural areas.