CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

According to the payroll data of EPFO the formal employment in India saw how much percent increase in 2019-20?

A	28.6 %
B	32.6 %
C	23.6 %
D	22.6 %

Explanation:

Detailed explanation-1: -The secondary sector consists of manufacturing and construction activities. Tertiary sector includes various services like transport, communication, trade, etc. Primary sector is the prime source of employment for the majority of the workers in India. Its contribution is as high as 57.3 % of our total workforce.

Detailed explanation-2: -India’s worker-population-ratio rises to 52.6% in FY21.

Detailed explanation-3: -India had an employment rate of 46.3% in 2021. The indicator recorded a growth of 5.2% in 2021 as compared to the previous year. Between 2010-2021, the indicator decreased by 13.3%. The employment rate in India was highest in the year 2010 and lowest in the year 2020, between 2010 and 2021.

Detailed explanation-4: -Employment Rate in India averaged 44.21 percent from 2012 until 2022, reaching an all time high of 50.80 percent in the fourth quarter of 2012 and a record low of 36.40 percent in the second quarter of 2020.

There is 1 question to complete.