Correct option is D
The correct answer is (d) 2.4%
According to the Periodic Labour Force Survey (PLFS) Annual Report 2022-23, the unemployment rate (UR) for persons aged 15 years and above in rural India was 2.4% during the period from July 2022 to June 2023.
This marked a decrease from 3.2% in the previous year (2021-22), indicating a declining trend in unemployment in rural areas.
The unemployment rate is defined as the percentage of persons unemployed among the persons in the labour force.
The report also highlighted an increase in the Labour Force Participation Rate (LFPR) and Worker Population Ratio (WPR) in rural areas, suggesting a growing engagement of the rural population in economic activities.
The unemployment rate for urban India during the same period was 5.4%, reflecting a higher unemployment rate compared to rural areas.
Information Booster:
Labour Force Participation Rate (LFPR): The LFPR in rural areas increased from 50.7% in 2017-18 to 60.8% in 2022-23, indicating a higher proportion of the rural population is actively participating in the labour market.
Worker Population Ratio (WPR): The WPR in rural areas rose from 48.1% in 2017-18 to 59.4% in 2022-23, reflecting an increase in the proportion of the rural population that is employed.
Gender Disparity: The unemployment rate for females in rural areas was 2.9%, slightly higher than the male unemployment rate of 2.7%, indicating a persistent gender gap in employment opportunities.
State-wise Variation: States like Assam and Gujarat reported low unemployment rates of 1.7%, while states such as Kerala had higher rates at 7.0%, highlighting regional disparities in employment.
Economic Implications: The decline in the unemployment rate in rural areas suggests improvements in rural employment, potentially due to government schemes, agricultural growth, and increased rural industrialization.
Policy Considerations: Continuous monitoring and targeted policies are essential to sustain this positive trend and address regional and gender disparities in employment.
Additional Information:
Mizoram: The unemployment rate in Mizoram was reported at 2.2% during the same period.
Maharashtra: Maharashtra had an unemployment rate of 3.1%, indicating a moderate level of unemployment.
Kerala: Kerala's unemployment rate was higher at 7.0%, reflecting challenges in the state's labour market.
Goa: Goa reported the highest unemployment rate among states at 9.7%, signaling significant employment issues.
Delhi: Delhi's unemployment rate was 1.9%, one of the lowest among states.