Meanwhile, the private sector's role in new investment proposals fell to 47 per cent between 2014 and 2016, from 62 per cent between 2006 and 2011, according to Mahesh Vyas of the CMIE
. Even the amounts committed by mostly indebted government-backed companies have fallen during Modi's term, from already paltry levels.
The data, which is an estimate based on household surveys, shows 31.2 million people were actively looking for jobs in February this year, said Mahesh Vyas, the CMIE
That compares with an accumulated shortage of around 80 million jobs, according to CMIE
, on top of near one million youth entering the market every month.
Estimates of the Centre for Monitoring Indian Economy (CMIE
) show that new investment proposals are likely to amount to around Rs 8 trillion ($126 billion) in 2017-18, which would be merely 60 percent of the new proposals made in 2016-17.
The recent data published by the Centre for Monitoring Indian Economy (CMIE
) show that the value of stalled projects has increased to a whopping Rs.
The demonetisation policy directly affected jobs, taking away roughly 1.5 million manufacturing jobs according to a survey by Centre for Monitoring Indian Economy (CMIE
For the analysis binary Logit model is used in this paper by condidering firm level data from Capital Line database, Prowess database provided by CMIE
(Centre for Monitoring Indian Economy) and Ace Equity plus database.
We extract accounting and shareholding data for the sample firms from Prowess database maintained by the Centre for Monitoring Indian Economy (CMIE
Going by CMIE
data, Indian manufacturing's share of employment, for instance, as a percentage of people employed in enterprises has slipped from 24 per cent in 1997/98 to 22 per cent in 2011/12.
The authors compute factors for Indian market since 1995 using data from CMIE
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