Economic Survey 2024-25: Unemployment rate drops to 3.2% in 2023-24, down from 6% in 2017-18
- Posted on January 31, 2025
- By Financial Express
- 5 Views
Economic Survey 2024-25: Unemployment rate drops to 3.2% in 2023-24, down from 6% in 2017-18
In addition to the decline in unemployment, the survey highlights a notable rise in formal sector employment. Net additions to the Employees' Provident Fund Organization (EPFO) subscriptions more than doubled from 61 lakh in FY19 to 131 lakh in FY24.
