Domestic youth unemployment lower than global levels: Labour Ministry

The cardinal authorities said connected Monday that the complaint of unemployment successful the 15-29 property bracket was little than planetary levels successful the fiscal twelvemonth 2023-24. Responding to a question successful the Lok Sabha, Minister of State for Labour and Employment Sushri Shobha Karandlaje submitted, citing Periodic Labour Force Survey (PLFS) data, that the unemployment complaint stood astatine 10.2 per cent for the mentioned property category. The curate besides mentioned that the Worker Population Ratio (WPR) for the younker accrued from 31.4 per cent successful 2017-18 to 41.7 per cent successful 2023-24.

The PLFS information is collated by the Ministry of Statistics and Programme Implementation (MoSPI). The survey follows a July-June year. 

 The younker unemployment complaint worldwide was recorded astatine 15.6 per cent successful 2021 and 13.3 per cent successful 2023, according to the World Employment and Social Outlook Trends recorded by the International Labour Organisation (ILO).

Payroll information provided by the Employees’ Provident Fund Organization (EPFO) gives an thought of the level of employment successful the ceremonial sector, the curate stated.

"More than 1.3 crore nett subscribers joined EPFO during 2023-24. Moreover, during September 2017 to August, 2024, much than 7.03 crore nett subscribers person joined EPFO, indicating summation successful formalisation of employment. All the labour unit indicators are providing grounds of improved employment script successful the country," wrote Karandlaje.  

The curate mentioned that the Narendra Modi government has taken assorted steps towards its precedence to make employment portion improving the employability conditions successful the country.  

The Minister of State for Labour and Employment besides pointed retired that respective ministers and departments, including the Finance, Housing and Urban Affairs, MSME and Rural Development are implementing antithetic employment procreation schemes and programmes towards this goal.

These initiatives see Prime Minister’s Employment Generation Programme (PMEGP), Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Pt Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), Rural Self Employment and Training Institutes (RSETIs), Deen Dayal Antodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) and Pradhan Mantri Mudra Yojana (PMMY).