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INCREASE WOMEN IN WORKFORCE TO KEEP UNEMPLOYMENT LOW
The Morning Standard
|March 09, 2024
ADDING to the recent trend of positive economic news, it was announced that India's unemployment rate fell to 3.1 percent in 2023.
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The improved employment scenario comes close on the heels of higher-than-anticipated GDP growth, confirming the historical belief that jobs and growth go hand in hand. Curiously, the National Statistics Office walked an extra mile releasing jobs data for the calendar year-a first in its history-as against the tradition of publishing data for the July-June year. If the high unemployment rate ahead of the 2019 general elections led to a contentious debate with the government tossing it in the bin, the latest dispatch coming just before 2024 elections will likely be showcased as a major accomplishment.
This story is from the March 09, 2024 edition of The Morning Standard.
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