India Employment Report 2024: Key Insights and Challenges
| Key Aspect | Details |
|---|---|
| Report Title | India Employment Report 2024 |
| Released By | International Labour Organization (ILO) and Institute of Human Development (IHD) |
| Unveiled By | Chief Economic Adviser V. Anantha Nageswaran |
| Time Frame Covered | 2000 to 2022 |
| Surge in Unemployed Youth | - Share of unemployed youth with secondary or higher education increased from 35.2% (2000) to 65.7% (2022). - Youths constitute 83% of the unemployed workforce. |
| Pandemic Impact on Employment | - Consistent increase in employment and underemployment from 2000 to 2019. - Decline observed during the pandemic years. - Long-term deterioration in labour market indicators until 2018, with post-2019 improvement. |
| Quality and Sustainability of Jobs | - Questions raised about job quality and sustainability during economic slowdowns. - Insufficient growth in non-farm sectors to absorb agricultural workers. |
| Challenges in Employment Transformation | - Challenges in transforming India's employment landscape persist. - Manufacturing has not grown as strongly as services, with ~90% of workers informally employed. |