Economics > Indian Economic Development > Employment Growth

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Indian labour market indicators have improved in the last six years, as per the Periodic Labour Force Survey Data. The unemployment rate has fallen to 3.2% in 2022-23. Rising youth and female participation in the workforce present an opportunity to tap the demographic and gender dividend. The factory employment data exhibits the bounce back of the organised manufacturing sector in FY 2022-23 with rise in employment and the upscaling of factories. The net payroll additions under EPFO have more than doubled in the past five years, signalling healthy growth in formal employment. To generate and sustain quality employment, agro-processing and care economy are two promising candidates.

On the basis of the given text and common understanding, answer the following questions : (a) State any one significance of rising youth and female participation in the Indian workforce. (b) Identify any two sectors which may be highlighted as promising for generating quality employment in India. (c) Elaborate the meaning of disguised unemployment with the help of a suitable example.