EMPLOYMENT SCENARIO IN INDIA GRIM, SAYS ILO REPORT:
Why in the news?
India’s employment crisis highlighted by ILO report citing rising youth unemployment, skill gaps, and challenges in accessing quality jobs.
Highlights of the report:
Youth Unemployment and Education
- The share of unemployed youth with secondary or higher education doubled from 35.2% in 2000 to 65.7% in 2022.
- Nearly 83% of India’s unemployed workforce comprises youngsters.
- Employment and underemployment among the youth rose till 2019 but decreased during the pandemic years, especially affecting educated youth.
Labour Market Indicators
- Labour Force Participation Rate (LFPR), Worker Population Ratio (WPR), and Unemployment Rate (UR) deteriorated from 2000 to 2018 but slightly improved post-2019.
source:TH
What is The International Labour Organisation (ILO)?
● The International Labour Organisation (ILO) was established in 1919 under the Treaty of Versailles. ● It became a UN specialized agency in 1946. ● ILO is tripartite, with representatives from governments, employers, and workers. ● India is a founding member and holds the Chairmanship of the Governing Body in 2020. ● Headquarters are in Geneva, Switzerland. Note: ILO received the Nobel Peace Prize in 1969 for promoting fraternity, peace, decent work, justice for workers, and providing technical assistance to developing nations. |