November 23, 2024 16:30 (IST)
Economic Survey: SRS 2013 reveals increase in India's economically active population
New Delhi, Feb 26 (IBNS) The Economic Survey (2015-16) presented at the Parliament on Friday stated that the proportion of economically active population (15-59 years) in India has increased from 57.7 per cent to 63.3 per cent during 1991 to 2013, as per Sample Registration System (SRS) data for 2013.
According to the Economic Survey, employment growth in the organized sector (Public and Private combined) increased by 2% in 2012 over 2011, while it increased by only 1% in 2011 over 2010.
The annual growth rate of employment for the private sector was 4.5 % in 2012 over 2011 whereas the public sector registered a marginal growth of 0.4 % in the same year.
The Fourth Annual Employment-Unemployment Survey conducted by the Labour Bureau from Jan-Jul 2014 has shown that the Labour Force Participation Rate (LFPR) is 52.5% for all persons.
However, the LFPR for rural areas stands at 54.7%, which is much greater than that for urban areas, which is 47.2%.
The LFPR for women is significantly lower than that for males in both rural and urban areas.
As per the Survey, the unemployment rate is 4.7% in rural areas and 5.5% in urban areas.
The total unemployment rate reported is 4.9% as per the Labour Bureau Survey.
These figures are much higher than the all India unemployment rates of the National Sample Survey Office (NSSO, 2012-11), which reported unemployment rate of 2.3% for rural areas, 3.8% for urban areas and 2.7% for India as a whole.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Mumbai-Ahmedabad bullet train: India unlikely to import 'Shinkansen' from Japan following failed price negotiations and revised price norms Sat, Nov 23 2024
After US fraud indictments over bribery allegations, Adani Group faces global fallout Sat, Nov 23 2024
Mahindra teases sketches of BE 6e, XEV 9e Fri, Nov 22 2024
Ather Energy Limited unveils ‘Eight70 Warranty’ for the battery of its electric scooters Fri, Nov 22 2024
Bitcoin soars to all-time high, nearing the $100,000 milestone Fri, Nov 22 2024