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Rural jobs: Budget 2024: Rural jobs scheme may get 47% higher outlay of Rs 88,000 crore

In the upcoming interim budget for FY25, the Indian government is expected to allocate around ₹88,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), compared to the budgeted ₹60,000 crore for the current fiscal year. The allocation may increase if demand exceeds initial expectations.

ET Explains: Is unemployment in India rising or falling?

The government in India relies on a survey called the Periodic Labour Force Survey to calculate the unemployment rate or the ratio of persons unemployed in the labour force. The labour force is determined based on the participation rate or number of people aged 15 years and above willing to work or already working in the country. The exercise is conducted for both urban and rural areas.

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