Chapter 8: Employment and Skill Development: Towards Quality
- The Indian labour market has improved, with the unemployment rate declining to 3.2% in 2022-23.
- Urban unemployment for ages 15+ declined to 6.7% in Q1 2024 from 6.8% in Q1 2023.
- According to PLFS, 45% of the workforce is in agriculture, 11.4% in manufacturing, 28.9% in services, and 13% in construction.
- Youth unemployment (ages 15-29) declined from 17.8% in 2017-18 to 10% in 2022-23.
- Nearly two-thirds of new EPFO subscribers are aged 18-28.
- Female labour force participation rate has been rising for six years.
- Employment in organized manufacturing recovered to above pre-pandemic levels in 2021-22.
- Rural wages grew at a 6.9% CAGR from FY15 to FY22, compared ....
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- 1 Chapter 1: State of the Economy – Steady as She Goes
- 2 Chapter 2: Monetary Management and Financial Intermediation- Stability is the Watchword
- 3 Chapter 3: Prices and Inflation - Under Control
- 4 Chapter 4: External Sector - Stability amid Plenty
- 5 Chapter 5: Medium-Term Outlook – A Growth Strategy for New India
- 6 Chapter 6: Climate Change and Energy Transition: Dealing with Trade-Offs
- 7 Chapter 7: Social Sector - Benefits that Empower
- 8 Chapter 9: Agriculture and Food Management – Plenty of Upside Left If We Get It Right
- 9 Chapter 10: Industry - Small and Medium Matters
- 10 Chapter 11: Services - Fuelling Growth Opportunities
