Unemployment in India

Current Employment Scenario

  • Global IIT Alumni Support Group data on campus placements at IITs highlights concerns about unemployment.
  • Centre for Monitoring Indian Economy (CMIE): Unemployment rate rose from 7.4% (March 2024) to 8.1% (April 2024).
  • Periodic Labour Force Survey (PLFS) 2023: Overall unemployment rate at 3.1%, with urban unemployment (5.2%) higher than rural (2.4%).
  • World Bank’s South Asia Development Update: India has low female employment ratios.
  • ILO’s India Employment Report 2024: One in three unemployed individuals is young.

Key Factors Contributing to Unemployment

  • High population growth: Employment growth (1.7%) lags behind the working-age population (1.9%).
  • Skill Gap: Only 4.7% of India’s labor force has ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy May 2025 Issue

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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Current Affairs