New Delhi
According to the latest information provided by the Ministry of Labor and Employment, the latest Annual Periodic Labor Force Survey (PLFS) report has recorded an increase in the estimated Worker Population Ratio (WPR) during the last seven years.
Unemployment rate (UR) reduced from 6 percent to 3.2 percent
According to the PLFS report, the projected worker population ratio (WPR) has increased from 46.8 per cent in 2017-18 to 58.2 per cent in 2023-24. This increase in WPR has been recorded in the period including the Corona epidemic. The WPR indicating employment under normal circumstances for persons aged 15 years and above declined from 6 per cent to 3.2 per cent during this period.
Steady increase in labor force participation rate (LFPR)
Recently, while replying to a question by Rajya Sabha MP Sagarika Ghosh on women employment, Union Minister Shobha Karandlaje had told the Upper House that the Worker Population Ratio (WPR) and Labor Force Participation Rate for women aged 15 years and above (LFPR) has seen a steady increase. The labor force population ratio for women aged 15 years and above was 22 percent and the labor force participation rate was 23.3 percent in 2017-18, which has increased to 40.3 percent and 41.7 percent respectively in 2023-24.
increase in the number of workers
According to information given by Union Minister Karandlaje, the Annual Survey of Unorganized Sector Enterprises (ASUSE) has shown an increase in the number of workers in the unorganized non-agricultural sector, from 9.79 crore in 2021-22 to 10.96 crore in 2022-23. Has been. The ASUS survey focuses specifically on manufacturing, trading and other service sectors.
Number of EPFO subscribers reaches 7 crores
Regarding India’s employment market, the Union Minister said that in the period from September 2017 to September 2024, 7 crore net subscribers have been added to the number of EPFO subscribers. Citing RBI data, the Union Minister said in the Rajya Sabha that the employment figure in the country has increased from 47.15 crore during 2014-15 to 64.33 crore in 2023-24, which shows an increase of 17.18 crore in 9 years.
