Context
Latest data from the Centre for Monitoring Indian Economy (CMIE) shows that India’s labour force participation rate (LFPR) has fallen to just 40% from an already low 47% in 2016.
Background
Analysis
What is Labour Force Participation Rate (LFPR)?
Understanding Unemployment
LFPR Trend
Status of women unemployment
Reasons to Low Female Labour Force Participation (FLFP):
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What factors are responsible for high unemployment rate?
What are the impacts of unemployment in India?
How to create employment?
Conclusion
Given the situation, urgent action is needed in multiple fronts including investment in human capital, increase expenditure on MGNREGA, revival of productive sectors and programmes to stimulate small entrepreneurship.
Practice Question Q1. According to the Centre for Monitoring Indian Economy (CMIE), India’s labour force participation rate (LFPR) has fallen to just 40% from an already low 47% in 2016. What are the reasons for a low LFPR in India? Mention the measures taken by the Government of India to boost employment. Q2. In the absence of proper skilling and employment opportunities, India’s demographic dividend may soon turn into demographic disaster. Examine. |
Verifying, please be patient.