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.”

The data reveals a substantial recovery in the employment scenario post the impact of the Covid-19 pandemic, with increased economic activity following the lifting of lockdowns by the Central and State governments. The unemployment rate, defined as the percentage of unemployed individuals in the labour force, reflects this encouraging trend.

State-run oil marketing companies (OMCs) have implemented a fresh round of price hikes for commercial LPG gas cylinders, affecting consumers across major cities in India. Effective from March 1, 2024, the prices of 19 kg commercial LPG cylinders have been increased by ₹25. This surge marks the second consecutive month of price hikes, following a similar increase in February.

According to the report, the labor force participation rate (LFPR) in urban areas, representing the proportion of individuals actively engaged in or seeking employment, exhibited a positive trajectory, ascending from 48.2% to 49.9% over the course of the year