India’s unemployment rate to come down below 3% in the future: Mansukh Mandaviya
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Union Labour Minister Mansukh Mandaviya has said that there is no need for concern about job losses and there is no lack of jobs. Mandaviya stated that the country's unemployment rate would come down below 3 per cent in the future.
He said the current unemployment rate is 3.2 per cent. It came down from 6 per cent in the 2017-18 period as employment generation has taken place under the Prime Minister Narendra Modi-led government.
He also said the labour force participation has gone up to 44 per cent from 38 per cent in 2017-18 while the work-population ratio rose to 40 per cent from 31 per cent during the same period.
