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 ....
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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
