International Labour Organization (ILO) and Institute for Human Development (IHD) releases India Employment Report 2024 | Current Affairs | Vision IAS
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    International Labour Organization (ILO) and Institute for Human Development (IHD) releases India Employment Report 2024

    Posted 27 Mar 2024

    Updated 30 Mar 2024

    2 min read

    • It examines the challenge of youth employment in India and changes over the past two decades.

     

    • Key findings:
      • Employment growth remained stagnant up to 2019 and then moved upward, dominated by poor-quality employment in informal sector (nearly 82% in informal sector). 
      • Slow and steady transition of the workforce to non-farm employment has reversed due to the covid pandemic. 
      • Women largely account for increase in self-employment and unpaid family work
      • Wages has remained low and are stagnant or declining. 
      • Labour productivity consistently increased alongside capital deepening, indicating association of growth with technological progress and productivity gains rather than employment.

     

    • Challenges in youth employment:
      • India is at an inflexion point, as youth population, at 27% in 2021, is expected to decline to 23% by 2036.
      • Education participation of youths who are out of labour force drive the low youth labour force participation rate.
        • Probability of any kind of employment is lower as education rises but higher for youths having technical education.
      • Youth unemployment increased nearly threefold, from 5.7% in 2000 to 17.5% in 2019.

     

    Five Key policy areas for action:

    • Make production and growth more employment-intensive
    • Improve job quality through investing in emerging sectors, creating inclusive migration policy and ensuring basic rights; 
    • Overcome labour market inequalities boosting participation of women and youth;  
    • Make systems for skills training and active labour market policies more effective;
    • Bridge knowledge deficits on labour market patterns with reliable statistics. 
    • Tags :
    • Employment
    • Labour Productivity
    • Youth Employment
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