The Prime Minister while addressing the Lok Sabha made the following claims about the creation: New jobs were created in the unorganised sector, which accounts for 80-85 per...
As per the National Sample Survey Office’s (NSSO’s) periodic labor force survey (PLFS), India’s unemployment rate hit a 45 year high of 6.1% in 2017-18. The latest data...
The World Day of Social Justice is observed every year on February 20 to recognize the need to promote efforts to tackle issues such as poverty, exclusion and...
Contractionary Policy refers to the monetary policy which aims to slow down the economy by introducing a reduction in money supply for lesser money and investment. There are...
NITI Aayog has constituted an Expert Task Force to provide a major thrust to job creation by enhancing India’s exports. It will be headed by NITI Aayog Vice...
The most recent quarterly survey by the Labour Bureau showed India created only 1.35 Lakh jobs in 2015 in comparison to 9 Lakh in 2011 and 4.19 Lakh...
There are five sources of employment / unemployment statistics in India viz. NSSO, Economic Census, Employment Market Information Programme of DGET, Registrar General of India and Labour Bureau. ...
There are several kinds of unemployment rate as follows. Open Unemployment Open unemployment is a condition in which people have no work to do. They are able to...
Labour Force refers to the number of persons actually working or willing to work. However, workforce refers to the number of persons actually working. Thus, workforce does not...
World Development Report categorizes economies on the basis of income in three categories viz. high income, middle income and low income economies. Usually, high income countries are known...
