Rising Employment Gap despite Strong GDP Growth
Despite India's robust GDP growth, a significant employment gap persists, characterized by insufficient quality job creation. This paradox means economic expansion is not fully translating into broad-based employment opportunities, particularly for educated youth. Addressing this challenge is crucial for leveraging India's demographic dividend and ensuring inclusive development.
Recent Developments
- The overall Unemployment Rate (UR) for individuals aged 15 years and above has seen a notable decline from 6% in 2017-18 to 3.2% in 2023-24 (Usual Status), there are nuances.
- The Current Weekly Status (CWS) unemployment rate for those aged 15 and above decreased slightly to 4.9% in 2024 from ....
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