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Unemployment rates fall from 5.8 pct in 2018-19 to 4.2 pct in 2020-21: Economic Survey

Unemployment rates fall from 5.8 pct in 2018-19 to 4.2 pct in 2020-21: Economic Survey

Jan 31, 2023, at 11:46 pm

New Delhi: The Economic Survey 2022-23 tabled  by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in Parliament, on Tuesday states that while the pandemic impacted both labour markets, and employment ratios, now with sustained effort in the last few years, coupled with quick response after the pandemic, and the world’s largest vaccination drive being undertaken in India, labour markets have recovered beyond pre-Covid levels, in both urban and rural areas, as observed in supply-side and demand-side employment data.