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TO FIX UNEMPLOYMENT, FIX THE ECONOMY FIRST Syllabus: GS 3: Inclusive Growth Economic and Social Reforms Why in the News? India continues to face the challenge of high youth unemployment, jobless growth, and the emerging impact of Artificial Intelligence (AI) on employment. The debate has shifted beyond education and skill development to the need for …
Read MoreUnemployment 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 MoreWhy in the news? Government cites RBI and PLFS data, claiming over 8 crore jobs created between 2017-18 and 2021-22. Contradicts Citigroup India’s report, highlighting a decline in unemployment rate and effectiveness of government policies. About Periodic Labour Force Survey (PLFS): Conducted by: National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation …
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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