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According to the latest data from the Centre for Monitoring Indian Economy (CMIE), an independent think tank, the unemployment rate in India stood at 7.8 percent in September 2024, a...
The most important key figures provide you with a compact summary of the topic of "Employment in India" and take you straight to the corresponding statistics.
Despite improvements in overall labour force participation and employment rates, employment conditions in India remain poor, with issues such as stagnant or declining wages, increased self-employment among women, and a higher proportion of unpaid family work among youth.
As per the latest data of the database, provisional estimates for 2023-24, employment in the country increased to 64.33 crore in year 2023-24 compared to 47.5 crore in 2017-18. Total increase in employment during 2017-18 to 2023-24 is about 16.83 crore.
information on employment and labour market for meaningful policy evaluation. During 2016-17, India‟s Gross Domestic Product (GDP) grew by 8.3% at constant prices, the fastest pace since 2011-12. However, the GDP growth rate slipped at -6.6% during the year of Covid pandemic; 2020-21. The economy‟s post-Covid recovery is gaining
Unemployment Rate has declined to 2.4% in rural areas during 2022-23. Unemployment Rate has declining trend over the years in urban areas and stood at 5.4% during 2022-23. For Male, WPR and LFPR showed a significant rise over the years. 18. For Female, WPR and LFPR has increasing trend and unemployment rate has declining trend.
Employment to population ratio, 15+, total (%) (modeled ILO estimate) - India International Labour Organization. “ILO Modelled Estimates and Projections database ( ILOEST )” ILOSTAT.
Decreasing Trend in Unemployment Rate (UR) for persons of age 15 years and above . In rural areas, UR decreased from 5.3% in 2017-18 to 2.4% in 2022-23 while for urban areas it decreased from 7.7% to 5.4%. UR for male in India decreased from 6.1% in 2017-18 to 3.3% in 2022-23 and corresponding decrease in UR for female was from 5.6% to 2.9%.
Employment Rate in India averaged 44.71 percent from 2012 until 2024, reaching an all time high of 50.80 percent in the fourth quarter of 2012 and a record low of 36.40 percent in the second quarter of 2020.
As the data in Table 1 shows, India’s LFPR, which had been inching up, shot up significantly in the past year. As of 2022-23, 54.6% of all Indians above the age of 15 were looking for a job. 3) LFPR for women. This metric looks at LFPR for among women to ascertain where the additional demand for jobs is coming from.