India's Labour Minister predicts unemployment rate to fall below 3% due to increased employment under PM Modi.
India's Labour Minister Mansukh Mandaviya asserts that the country's unemployment rate will fall below 3% due to increased employment under PM Narendra Modi. Labour force participation has risen to 44% from 38% in 2017-18, and the work-population ratio has increased to 40% from 31% in the same period. Mandaviya reassures no job loss concerns as the current rate is 3.2%.
July 29, 2024
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