Employment Situation in the Past Decade
- Positive Trends in Employment: India has witnessed a decline in unemployment rates, a rise in labour force participation, and increased formalization of jobs in the organized sector.
- EPFO Data: EPFO payroll data indicates consistent YoY growth in payroll additions, with tripled net payroll additions from 2018-19 to 2022-23.
- Gig Economy: The rise of the gig economy has become a significant job generator, employing 77 lakh workers in FY21.
- Challenges and Opportunities: While positive transformations are observed, challenges persist, including the need to formalize the workforce, create jobs in non-agricultural sectors, and ensure social security benefits for employees.
Rising Youth Employment
- Positive Trends in ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
What Made The Indian Economy Resilient?
- 1 Domestic Economy
- 2 Government Initiatives
- 3 Reform Push to the Indian Industry
- 4 Digital Infrastructure and Delivery of Citizen-Centric Services
- 5 Evolving Financial Markets to Support the Investment Needs of a Growing Economy
- 6 Safeguarding Macroeconomic Stability
- 7 Human Resources - Dovetailing Growth with Welfare
- 8 A New Approach to Welfare
- 9 How has the New Approach to Welfare Paid Off
- 10 Women-led development: Tapping the Gender Dividend for India@100
