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Labour mkt overcomes Covid shock
Hindustan Times Gurugram
|March 28, 2026
{ PERIODIC LABOUR FORCE SURVEY 2025
India’s labour market has almost completely overcome its quantitative and qualitative scarring from the Covid-19 pandemic, the 2025 Periodic Labour Force Survey (PLFS) released by the National Statistics Office on Friday shows.
The timing, however, is awkward in a specific sense: this is a lagging indicator arriving at the moment when India faces the biggest oil shock in the history of capitalism — one bound to leave fresh scars even as the old ones close.
That uncertainty should not, however, obscure what the data actually shows.
The headline unemployment rate in 2025 was 3.1%, but that number has not been the real story in India’s labour market since the pandemic.
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