Current Affairs - Economy - Discussion

The unemployment rate in the country has reduced to 3.2% from the previous 6% in the last fiscal year during July 2023 – June 2024, as per the latest Periodic Labour Force Survey (PLFS). This decline is significant, especially among individuals aged 15 and above. The government has launched five employment schemes under the Prime Minister’s Package, aiming to create job opportunities and benefit over four crore youth in the next five years. These initiatives reflect the government’s focus on reducing unemployment and strengthening the job market through policy measures and economic reforms.