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The investment mood improved in the December quarter, but remains weak since the same quarter a year ago. Analysts see a patchy outlook for now due to the looming Lok Sabha elections, but the overall trend is optimistic.
India’s workforce is ageing, notwithstanding its youth bulge. Policymakers need to examine why this is happening
From January to March 2023, the unemployment rate for persons aged 15 years and above was 6.8 percent which rose to 8.5 percent in April 2023. However, the unemployment rate of May 2023 shows a fall of 0.8 percent. 📰 Unemployment Rate in India Falls to 7.7% in May 2023 From 8.5% in April 2023, Jobs in Urban Areas Decline by Around 2.4 Million; Economic Think Tank Reveals Reason Behind Drop.
The well-known economist said that India's workforce has largely remained stagnant at a little over 400 million in the past five years. This is significant because how persistent it remains has wide-ranging impacts across the economy.
The unemployment rate had declined to 7.2% in the July-September quarter compared to 7.6% in the previous quarter, according to separate quarterly data compiled by state run National Statistical Office (NSO) and released in November.