Appreciation of the rupee leads to a decline in the employment rate in India
The National Sample Survey of India conducts an assessment of employment and unemployment every five years. The last survey was completed in 2004-05. According to the last two rounds of employment and unemployment surveys conducted by the National Sample Survey Organization, under normal circumstances, employment opportunities increased from 397 million in 1999-2000 to 459.1 million in 2004-05. The Ministry of Labor and Employment did not evaluate the impact of the appreciation of the rupee on the U.S. dollar. The above information was disclosed by the Minister of Labor and Employment Shri Oscar Fernandes in a written reply to the media.