India's labour force participation rate (LFPR) has declined to 40%, recently.
News in Detail:
As per the latest data from the Centre for Monitoring Indian Economy (CMIE), India's labour force participation rate (LFPR) has declined to 40% in 2021 from 47% in 2016. As per the data, the male LFPR is 67.4%, the female LFPR is 9.4% in 2021.
Haryana has the highest unemployment rate at 26.7 per cent, followed by Rajasthan and Jammu and Kashmir. Chhattisgarh has been ranked first among states with the lowest unemployment rate in the country.
Labour force participation rate:
Labour force participation rate (LFPR) is defined as the section of the working population in the age group of 16-64 in the economy currently employed or seeking employment.
Additional Information:
CMIE is a leading business information company. It was established in 1976, primarily as an independent think tank. It produces economic and business databases. It is based in Mumbai, Maharashtra.
