Narendra Modi
– Photo: ANI (File)
Expansion
Employment remains a major issue this time in the Lok Sabha elections. Especially after the report of the International Labor Organization (ILO), which claims that 83 percent of India’s unemployed workforce is youth. But analysis of government data obtained from different sources has revealed that during the last few years of Modi government, there has been a significant increase in jobs and a decline in the unemployment rate.
Data from the Periodic Labor Force Survey (PLFS), Employees’ Provident Fund Organization (EPFO), Reserve Bank of India (RBI), National Career Services (NCS) portal and various employment-centric schemes of the Central Government show growth in jobs and decline in unemployment rate. . The last six years of PLFS data indicate an improving trend in the Labor Force Participation Rate (LFPR) and Worker Population Ratio (WPR). Its data shows that employment in the country has increased from 46.8 percent in 2017-18 to 56 percent in 2022-23.
Unemployment rate declined in six years
Similarly, labor force participation has also increased from 49.8 percent in 2017-18 to 57.9 percent in 2022-23. At the same time, during the period of these six years, there has been a decline of about three percent in the unemployment rate and it has come down from 6 percent in 2017-18 to 3.2 percent in 2022-23. According to the data, the labor force participation rate increased by 3.1 percent in 2022-23 against 2.7 percent, indicating more jobs than demand.