NEWDELHI,09.08.2020, Dr. Abhishek Manu Singhvi said- We whole heartedly commend the Indian Youth Congress’s initiative and we want to associate, join, endorse and support the ‘#RozgarDo Campaign’ or “give us employment campaign”.

This is not merely a campaign slogan, It has inbuilt into it symbolically and really a most tearing, painful, searing voice of agony and pain, that voice of agony and pain is based on the fact that never before in the history of this Republic in 75 years have we seen the figures, the scope, the degree of unemployment, which this country is suffering today, which is the whole purpose of the Youth Congress Campaign.

I will end this thing with just 4 or 5 figures and come to the suo moto. In 2014, when the Hon’ble Prime Minister assumed office, the unemployment rate was below 5%, 4.9% to be précise. In May 2020, last to last month, it reached 29% and in case you are being confused by misusing the excuse of Covid, let me remind you that this has been consistently rising. In May, 19, it was 7.1%, well before the lockdown, in February end- early March, it was 8.8%. There has never been an abetment in this constant secular trend of rise. It is not an episodic or seasonal factored. We must, of course, look at this in a contextual sense, it is, of course the most important is unemployment, there is no doubt, but, the context is even more dismal. Unemployment sits in what context- It sits in the context of a negative GDP ranging from -4, to -7.5.

Tax collections are down by 46%. Atleast 12 crores are supposed to have lost their jobs and a most sorry, sad and alarming statistic published in the financial news papers, we will share the link with you, if necessary. 40 crores may slide into poverty, this is not an unemployment figure, 40 crores may slide into poverty, by the combined effect of mismanagement of the economy, increasing unemployment rates and the Covid pandemic.

I think, this is the context in which you have to see and as you know the RBI has just two days ago on 6th August come out with his report, which points that the confidence index of the consumer, this is RBI, not me, says it is 53%, which means that the consumer is pessimistic about the economy, about employment, about inflation, about growth everything because on a scale of 100- 53 is very-very low. It is considered, it is published figure by the RBI repeatedly. Well, having done this let us turn to the précise suo moto in addition to the very-very important campaign of the Youth Congress..

Dr. Abhishek Manu Singhvi said- We whole heartedly commend the Indian Youth Congress’s initiative and we want to associate, join, endorse and support the ‘#RozgarDo Campaign’ or “give us employment campaign”.

This is not merely a campaign slogan, It has inbuilt into it symbolically and really a most tearing, painful, searing voice of agony and pain, that voice of agony and pain is based on the fact that never before in the history of this Republic in 75 years have we seen the figures, the scope, the degree of unemployment, which this country is suffering today, which is the whole purpose of the Youth Congress Campaign.

I will end this thing with just 4 or 5 figures and come to the suo moto. In 2014, when the Hon’ble Prime Minister assumed office, the unemployment rate was below 5%, 4.9% to be précise. In May 2020, last to last month, it reached 29% and in case you are being confused by misusing the excuse of Covid, let me remind you that this has been consistently rising. In May, 19, it was 7.1%, well before the lockdown, in February end- early March, it was 8.8%. There has never been an abetment in this constant secular trend of rise. It is not an episodic or seasonal factored. We must, of course, look at this in a contextual sense, it is, of course the most important is unemployment, there is no doubt, but, the context is even more dismal. Unemployment sits in what context- It sits in the context of a negative GDP ranging from -4, to -7.5.

Tax collections are down by 46%. Atleast 12 crores are supposed to have lost their jobs and a most sorry, sad and alarming statistic published in the financial news papers, we will share the link with you, if necessary. 40 crores may slide into poverty, this is not an unemployment figure, 40 crores may slide into poverty, by the combined effect of mismanagement of the economy, increasing unemployment rates and the Covid pandemic.

I think, this is the context in which you have to see and as you know the RBI has just two days ago on 6th August come out with his report, which points that the confidence index of the consumer, this is RBI, not me, says it is 53%, which means that the consumer is pessimistic about the economy, about employment, about inflation, about growth everything because on a scale of 100- 53 is very-very low. It is considered, it is published figure by the RBI repeatedly. Well, having done this let us turn to the précise suo moto in addition to the very-very important campaign of the Youth Congress..