ILO projects unemployment rate at 3.5% in 2018


  • The International Labour Organisation (ILO) has projected unemployment in India at 18.6 million in 2018, higher than 18.3 million in 2017 in its report.

About the report:

  • The ILO released a report “World Employment and Social Outlook Trends – 2018”.
  • As per the report, it is projected that the number of unemployed persons in India is expected to rise from 18.3 million in 2017 to 18.6 million in 2018 and 18.9 million by 2019.
  • At the same time, unemployment rate is expected to remain static at 3.5 per cent during the same period.

Steps taken by the Govt:

  • The minister said in a separate reply to the House that an Inter-Ministerial Committee has been constituted to draft the National Employment Policy and consultations have been held with various stakeholders like ministries, state governments, trade unions, industry associations, etc. for inputs to the policy. 
  • The proposed policy inter-alia purports to address macro economic policy issues, sectoral policy issues, labour policy, micro and small enterprises’ issues, skill development issue issues relating to women and vulnerable workers and incorporate suggestions for improving employment opportunities.
  • in order to assess employment generation including self-employed under Pradhan Mantri Mudra Yojana (PMMY), Ministry of Labour & Employment has taken a decision to institute a survey for this purpose. Labour Bureau, an attached office of the Ministry of Labour & Employment has already been entrusted with this work. 

Source:Economic Times

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