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.