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Economic Survey: SRS 2013 reveals increase in India's economically active population

| | Feb 27, 2016, at 12:05 am
#Economic Survey
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.
 

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