• UGI USER
  • Mar 27, 2024
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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.