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Employment push
July 03, 2025
|Business Standard
New job scheme must be supported by reforms
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The Union Cabinet on Tuesday approved the employment-linked incentive (ELI) scheme, first announced in the 2024-25 Union Budget. The scheme reflects an acknowledgement that India's economic growth must translate into gainful job opportunities. According to the latest monthly bulletin of the Periodic Labour Force Survey, the female labour force participation rate was 33.2 per cent, far below the global average, while the youth unemployment rate (aged 15-29) was 15 per cent, compared with the overall unemployment rate of 5.6 per cent. Besides, most people are engaged in the informal sector, which is low-paying.
هذه القصة من طبعة July 03, 2025 من Business Standard.
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