Tag: economist kaushik basu

The BJP has started celebrating the eight-year anniversary of the Narendra Modi government across the country. Economist Kaushik Basu expressed concern over the rising unemployment rate in the Modi era. Citing figures from the International Labor Organization (ILO), he said the country's youth unemployment rate (15 to 24 years) had touched 25% during the Modi regime. During the UPA government in 2014, this rate was close to 21 percent. Kaushik wrote on Twitter, ‘One picture that sums up India’s biggest problem: youth unemployment. Sadly this is getting little policy attention. It can do lasting damage to the economy. We must shift focus from politics to correcting this. " Kaushik, who has been the chief financial adviser to Manmohan Singh's government, had earlier expressed conce...