Labour force participation rate

‘Examining India’s progress in human development is valid’ | Photo Credit: Getty Images On September 9-10, 2023, New Delhi hosted the G-20 Summit, which resolved to accelerate the full and effective implementation of the UN Agenda 2030 for Sustainable Development. On September 18-19, 2023, an “SDG Summit” was convened at the United Nations headquarters to follow up and review the implementation of the Agenda and the progress of the 17 Sustainable Development Goals (SDGs). A “Summit of the Future” took place on September 22-23, 2024, at the UN headquarters to build upon the SDG Summit 2023 and its commitments by member nations.In this context, examining India’s progress in human development since 1990, based on the UNDP’s latest Human Development Report (HDR), is valid. As said by Nobel lau...

‘Skilling is an important aspect of making future generations productive members of society’ | Photo Credit: Getty Images/iStockphoto Much has been written about India’s emergence as an economic giant — it is the world’s fastest growing big economy, and is currently the fifth largest. Demographics is a major factor in propelling this rise given that the median age is around 28 years and 63% of the population is of working age. However, the labour force participation rate stood at 55.2% in 2022, according to a recent report released by the International Labour Organization (ILO), which goes on to state that falling labour intensity is likely due to growth being led by the services sector rather than manufacturing. Therefore, while we are certainly not experiencing “jobless growth”, more ste...

Tag: Labour force participation rate

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