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Source: The post is based on the article “PLFS data elucidates a burgeoning trend of youth and individuals from varied age groups actively embracing the workforce” published in PIB on 24th August 2023.
What is the News?
According to the Centre for Monitoring Indian Economy (CMIE), there has been a noticeable shift in India’s workforce over the past seven years, with the workforce aging and concerns arising about reduced job opportunities across different age groups.
However, the Periodic Labour Force Survey (PLFS) conducted by the Ministry of Statistics and Programme Implementation (MoSPI) shows a completely different picture.
What does the Centre for Monitoring Indian Economy (CMIE) say about India’s workforce?
What does the Periodic Labour Force Survey (PLFS) say about India’s labor market?
According to PLFS, India’s labor market is expanding. The data indicates a positive trend in the participation of various age groups in the workforce. For instance:
Youth Participation: The engagement of individuals aged 15 to 29 in the workforce increased from 31.4 percent in 2017-18 to 36.8 percent in 2021-22.
Middle aged group: Individuals aged 30-34 saw their participation rate rise from 61.1 percent to 66.5 percent.
– Further, individuals aged 35-39 and 40-44 experienced increased participation, with rates reaching 71.1 percent and 73.7 percent in 2021-22, respectively.
Even the senior age brackets demonstrated heightened workforce involvement.
Overall, participation of individuals aged 15 and above in usual employment rose from 46.8 percent in 2017-18 to 52.9 percent in 2021-22.
