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Unemployment Falls As Labour Participation Rises Nationwide Why in the News? India’s unemployment rate declined to 4.7% in November, while the Labour Force Participation Rate (LFPR) rose to its highest level since April, according to the latest Periodic Labour Force Survey (PLFS) released by MoSPI. This positive trend suggests a growing environmental democracy in the …
Read MoreDebunking the Myth of Job Creation Syllabus: GS 3 Employment generation Economic development Why in the News? On July 1, 2025, the government approved the Employment Linked Incentive (ELI) Scheme to support employment generation, with an outlay of ₹99,446 crore. However, this raises serious concerns about the target population in a labour market where capital–labour …
Read MoreEmployment Full Employment: This concept signifies a scenario where every individual capable and willing to work finds employment at the prevailing wages. Essentially, it denotes a situation devoid of involuntary unemployment, aligning with John Maynard Keynes’s perspective that full employment is achieved when no one is involuntarily out of work. Significance of Full Employment: Attaining …
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