2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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5.2 %
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6.1 %
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4.3 %
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7.3 %
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Detailed explanation-1: -From a 6% unemployment rate in 2017, India’s unemployment rate would climb to 8.3% by 2022. According to the estimate, over the next four years, 10 million more people will join the ranks of the unemployed, bringing the total to 220 million by 2022.
Detailed explanation-2: -The Labor Force Participation Rate in India stood at 49.80% in the fiscal year 2017-18, as per the National Sample Survey Office (NSSO) Periodic Labor Force Survey (PLFS) report.
Detailed explanation-3: -Consistency in NSSO Employment–Unemployment Estimates Using NSS 68th Round and PLFS Data. The unemployment rate in the country increased sharply to 6.1%, as per the Periodic Labour Force Survey 2017–18 data, from 2.2%, based on the National Sample Survey, 68th round, 2011–12.
Detailed explanation-4: -According to Periodic Labour Force Survey (PLFS) 2017-18, 6.1% of India’s labour force, and 17.8% of young people (15-29 years) in the labour force are unemployed.