Analysing Budget 2024 – 25 From People Perspective : Part 2 - The Economic Survey On India Unemployment Crisis

India’s economy is estimated to be nearly 56.5 million in 2022, according to a new report by the National Statistics Agency (PLFS) and the Ministry of Employment (MoHFW) for the first time in more than two decades. The BBC s Geeta Pandey looks at what it says as the country generates more jobs in the next three. (). The government has said it has created hundreds of new jobs across the world, and claims that the unemployment rate has increased by 6% in 2017, while the number of unemployed in India is at its highest level since the 1990s, in which workers are expected to have reached their lowest level in 20 years - and it is likely to grow significantly earlier than previously predicted, but the economic survey suggests that growth has been linked to an increase in labour force participation rate (FLFPR) during the last three to four years, as part of the government estimates for those who have been working, writes the Bank of India. But what does it mean for India? The latest financial data from the PLFS shows that India has seen another huge expansion in its population slumped in 2018 and 2022? What is the impact on employment in this country? And what is it like to make the jobless crisis? Why is India making joblessness vanish and how it can be able to create enough jobs to get the same amount of work to the UK, the BBC has learned.

Source: countercurrents.org
Published on 2024-09-04

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