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India job data spells trouble for Narendra Modi

India's unemployment rate is the highest it has been since the 1970s, according to a government jobs report. Economist Vivek Kaul explains what this means and why it matters to Prime Minister Narendra Modi's government, which is accused of withholding the findings months before the general election.What does the report say?It says that India has a jobs problem. The country's unemployment rate - 6.1% - is the highest it has been since 1972-73, the earliest year for which comparable data is available. This is according to the latest employment survey, which was exclusively accessed by The Business Standard newspaper, after the government had allegedly refused to release it. On its own, an unemployment rate of 6.1% may not sound too d ...
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