Consider the following statements regarding India's employment and skill development:

  1. The all-India unemployment rate (UR) for individuals aged 15 years has decreased from 6.0% in 2017-18 to 3.2% in 2023-24.
  2. The Female Labour Force Participation Rate (FLFPR) has risen from 23.3% in 2017-18 to 41.7% in 2023-24.
  3. The share of the services sector in employment has decreased from 31.1% in 2017-18 to 29.7% in 2023-24.
How many of the above statements are correct?

  1. Only one
  2. Only two
  3. All three
  4. None

Answer (Detailed Solution Below)

Option 3 : All three

Detailed Solution

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The correct answer is All three

Key Points

  • India’s employment scenario has seen significant improvements, with a notable decline in unemployment and a substantial rise in female participation in the labor force. However, the services sector share in employment has actually decreased.
  • The unemployment rate has indeed dropped to 3.2%. Hence statement 1 is correct
  • Female participation has risen significantly from 23.3% to 41.7%. Hence statement 2  is correct
  • The services sector share in employment has fallen from 31.1% to 29.7%. Hence statement 3  is correct

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