India’s labor market remains stagnant with 3.2% unemployment, overshadowed by rising self-employment, amidst evolving regulatory challenges and international agreements.
The recent Periodic Labour Force Survey report for July 2023 to June 2024 shows that India’s unemployment rate remains steady at 3.2 percent, unchanged from the previous year. However, the report reveals significant challenges in the labor Market, including a growing trend of self-employment, with over half of the workforce categorized as “own account workers” ...