Modi Government Failed to Generate Jobs: CPI-M

New Delhi: The Modi government has failed to general sufficient employment to meet the requirements of new job entrants every year that is estimated to be 1.2 crore, the CPI-M has said. “While the growth rate of GDP appears rosy, the unemployment rate rose to 6.4 per cent in August,” said an editorial in the CPI-M mouthpiece “People’s Democracy”. “This is higher than the 5.6 per cent rate in July and far higher than the 4.1 per cent unemployment rate recorded in August 2017,” it said. “Modi government’s policies have perpetuated the agrarian crisis resulting in high rural unemployment; 50 per cent of the workforce in India is in agriculture. “The policies of privatisation and opening up of all basic services to the market have resulted in a bulk of employment being in the informal sector. “It is here that there is maximum exploitation with no minimum wages, job security and social security benefits,” said the Communist Party of India-Marxist. (IANS)