CURRENT AFFAIRS

Detailed explanation-1: -The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the press note on Employment Outlook of India.

Detailed explanation-2: -The ILO’s World Employment and Social Outlook – Trends 2022 report warns of a slow and uncertain recovery, as the pandemic continues to have a significant impact on global labour markets.

Detailed explanation-3: -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.

Detailed explanation-4: -Labour in India refers to employment in the economy of India. In 2020, there were around 476.67 million workers in India, the second largest after China. Out of which, agriculture industry consist of 41.19%, industry sector consist of 26.18% and service sector consist 32.33% of total labour force.

Detailed explanation-5: -The labour force in India increased by 8.8 million from 428.4 million in March 2022 to 437.2 million in April 2022, one of the largest monthly increases, with working age people who were out of the labour force joining back the labour market in April, the Centre for Monitoring Indian Economy said.