Even as the overall unemployment rate reduced to 6.6 per cent in 2021-22 from 8.7 per cent in 2017-18, over 42 per cent of India’s graduates under 25 were unemployed in 2021-22, revealed the “State of Working India 2023” report by Azim Premji University’s Centre for Sustainable Employment released on Wednesday. With regards to women’s participation in the workforce, the report stated that after the coronavirus pandemic, 60 per cent of women were self-employed as compared to 50 per cent before the pandemic.
While this indicates an increase in women’s workforce participation, it was accompanied by a decline in self-employment earnings, which in 2022 were only 85 per cent of what they were in the first quarter of 2019 reflecting the impact of distress induced by the pandemic.
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