India is becoming a young country but with an ageing workforce

GS Paper 3  Syllabus: Indian Economy, Unemployment   Source: IE, IE  Context: An analysis of employment data from the Centre for Monitoring the Indian Economy (CMIE) reveals that India’s workforce has undergone a significant ageing trend over the past seven years.   Meaning of ‘India’s Workforce is Aging’: An ageing workforce basically means that if …

Insights into Editorial: More job-loss ahead, raise govt spending

    Introduction: Situation of unemployment in India: The biggest casualty of the pandemic and the painstakingly slow vaccination rollout will be joblessness. The country’s unemployment rate has risen through much of April, having hit 7.4%, and threatens to climb further to around 8% significantly higher than the 6.5% in March, according to CMIE. Approximately …