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?

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