Labour Market Dynamics

India’s workforce is evolving through rapid structural change. While informal employment exceeds 80%, self-employment and the gig economy are rising. Women's participation is gradually improving, and youth increasingly balance work with studies—reshaping traditional employment models.

Recent Developments

  • India’s unemployment rate for individuals aged 15 and above declined from 6% in 2017-18 to 3.2% in 2023-24.
  • The Female LFPR significantly rose from 23.3% in 2017-18 to 41.7% in 2023-24, reflecting higher female participation in the workforce.
  • Youth unemployment (ages 15–29) dropped from 17.8% in 2017-18 to 10% in 2022-23.
  • Net EPFO subscription additions increased from 61.1 lakh in FY19 to 131.5 lakh in FY24, ....
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.
Be an Annual Subscriber

Indian Economy