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Economy

Addressing India's employment challenges requires a fresh look

One of the most striking revelations of the report is the paradoxical improvements in various labour market indicators amidst economic turbulence. Despite the long-term deterioration in the years leading up to 2019, recent years have seen positive shifts in metrics such as the labour force participation rate and unemployment rate. However, beneath these surface improvements lie deeper issues that cannot be overlooked.

Apr 09 2024

Opinion

India Employment Report 2024 underscores India’s grim employment scenario; Worse than Covid-19 days

The report states, “Youth unemployment rate doubled between 2000 and 2019 [which is before Covid-19], rising from 5.7% to 17.5%, but then dropped to 12.4% in 2022.”

Mar 28 2024

Economy

India’s employment conditions continue to be poor: Report

Chief Economic Adviser V Anantha Nageswaran, upon releasing the report, emphasized the need to shift away from the notion that every economic or social issue necessitates government intervention. He stressed the role of the commercial sector in driving employment, stating, "In the normal world, it is the commercial sector, those who engage in for-profit activity, who need to do the hiring."

Mar 27 2024

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