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The data on Employment and Unemployment is collected through Annual Periodic Labour Force Survey (PLFS) which is conducted by Ministry of Statistics and Programme Implementation (MoSPI) since 2017-18. The survey period is July to June every year.
As per the data available in latest Annual Periodic Labour Force Survey (PLFS) Reports, the estimated Worker Population Ratio (WPR) indicating employment during the last 7 years including the COVID period has increased from 46.8% in 2017-18 to 58.2% in 2023-24. During the same period, Unemployment Rate (UR) on usual status for persons of age 15 years and above has decreased from 6.0% to 3.2%.
The Annual Survey of Unincorporated Sector Enterprises (ASUSE) exclusively measures various economic and operational characteristics of unincorporated non-agricultural establishments in manufacturing, trade and other services sector.
As per the available ASUSE reports, the estimated number of workers has increased to 10.96 crores in 2022-23 from 9.79 crores in 2021-22.
Further, more than 7 crore net subscribers have joined Employees’ Provident Fund Organization (EPFO) between September 2017 and September 2024 indicating increase in formalization of the job market.
Further, Government announced in the Budget 2024-25, the Prime Minister’s package of 5 schemes and initiatives to facilitate employment, skilling and other opportunities for 4.1 crore youth over a 5-year period with a central outlay of Rs. 2 lakh crores.
This information was given by Union Minister of State for Labour & Employment, Sushri Shobha Karandlaje in a written reply in Rajya Sabha.