Key Points
New Delhi:A report released by the International Labour Organization (ILO) has painted a grim picture of Indias unemployment scenario, highlighting that nearly 83 percent of the countrys unemployed are its youth...
However, the ILOsIndia Employment Report 2024 released earlier this week and produced in partnership with the non-profit Institute of Human Development (IHD) was also full of praise for the quality of data produced by the Indian government, based on which the UN agency has presented its findings...
This is particularly noteworthy since the standard of Indias data has been questioned by several prominent economists, such as former chief economic adviser Arvind Subramanian and former member of the Prime Ministers Economic Advisory Council Surjit Bhalla...
The unit-level data in these surveys were chiefly used to develop conceptual tools and statistical indicators appropriate for the analysis of the labour market and employment in India, the report said...
The all-India estimates of the LFPR (labour force participation rate), the worker population ratio, the unemployment rate, including the distribution of employed persons in the country according to gender, location (rural and urban), broad industry and other categorisations, from the Employment and Unemployment Surveys and the Periodic Labour Force Surveys (PLFS) are generally found to be quite robust with reasonably low relative standard errors, the report said...
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