India’s 900 Million Workforce, Particularly Women Have Stopped Looking For Jobs, Says Report
More than half of the 900 million Indians of legal working age, roughly the population of the U.S. and Russia combined -- don’t want a job, according to the CMIE.
Frustrated at not being able to find the right kind of job, millions of Indians, particularly women, are exiting the labor force entirely, according to new data from the Centre for Monitoring Indian Economy Pvt, a private research firm in Mumbai. Between 2017 and 2022, the overall labor participation rate dropped from 46% to 40%. Among women, the data is even starker. About 21 million disappeared from the workforce, leaving only 9% of the eligible population employed or looking for positions.
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India’s job creation problem is morphing into a greater threat: a growing number of people are no longer even looking for work https://t.co/OaHesyEhpy
— Bloomberg (@business) April 25, 2022
(The above story first appeared on LatestLY on Apr 25, 2022 11:12 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
