Jobless rate surges to 7.45% in Feb as rural unemployment goes up
Unemployment rate was the highest in Haryana at 29.4%, followed by Rajasthan at 28.3% and Sikkim at 21%.
Unemployment rate was the highest in Haryana at 29.4%, followed by Rajasthan at 28.3% and Sikkim at 21%.
A substantial portion of India's younger working-age population is opting to stay students as the existing workforce progressively grows older.
As formal and well-paying jobs continue to disappear, reverse migration to informal and low-paying work could hit economic growth.
As several reports attest, India is seeing a rise in gig economy jobs, both in the blue-collar and white-collar segments, with the pandemic accelerating this trend.
The pandemic has spawned a new ecosystem whereby companies are now looking beyond big cities to recruit fresh talent, and at times, at far lesser salaries.
India's new social security law is a landmark one, which enhances the distinction between gig and platform workers. It can also catapult Indian social security system into the 21st century.
Experts believe that the emergence of new technologies creates a need for workers with an upgraded skill set.