Comprehension
Indian labour market indicators have improved in the last six years, as per the Periodic Labour Force Survey Data. The unemployment rate has fallen to 3.2% in 2022–23. Rising youth and female participation in the workforce present an opportunity to tap the demographic and gender dividend. The factory employment data exhibits the bounce back of the organised manufacturing sector in FY 2022–23 with rise in employment and the upscaling of factories.
The net payroll additions under EPFO have more than doubled in the past five years, signalling healthy growth in formal employment.
To generate and sustain quality employment, agro-processing and care economy are two promising candidates.
On the basis of the given text and common understanding, answer the following questions:
Question: 1

State any one significance of rising youth and female participation in the Indian workforce.

Show Hint

Increased youth and female participation helps tap the demographic dividend, leading to a more inclusive and productive economy.
Updated On: Jul 1, 2025
Hide Solution
collegedunia
Verified By Collegedunia

Solution and Explanation

The rising youth and female participation in the workforce is significant because it helps tap into the demographic dividend. The increasing participation of these groups means that a larger section of the population is contributing to economic activities, which enhances the overall productivity of the country. The youth bring energy, innovation, and technological familiarity, while the inclusion of women in the workforce contributes to greater gender equality and economic independence for women. This leads to increased household incomes and improved standards of living. Moreover, it enhances the diversity and skill set within industries, leading to more balanced and inclusive economic growth.
Was this answer helpful?
0
0
Question: 2

Identify any two sectors which may be highlighted as promising for generating quality employment in India.

Show Hint

Agro-processing and care economy are promising sectors for generating quality employment by tapping into rural potential and meeting the demands of an ageing population.
Updated On: Jul 1, 2025
Hide Solution
collegedunia
Verified By Collegedunia

Solution and Explanation

Two sectors that can be highlighted as promising for generating quality employment in India are:
1. Agro-Processing Industry:
The agro-processing sector holds immense potential for generating quality jobs in India. By adding value to raw agricultural products through processing, packaging, and branding, the sector can create employment opportunities across rural areas, benefiting farmers and workers involved in the processing units. Moreover, agro-processing promotes sustainable agricultural practices and improves the supply chain infrastructure.
2. Care Economy:
The care economy, which includes healthcare, elder care, child care, and services related to well-being, is a rapidly growing sector. With India's ageing population and increasing demand for healthcare services, this sector has vast potential for generating jobs, especially for women. Additionally, the sector can offer diverse roles across various levels, from healthcare professionals to caregivers, and provide stable, quality employment.
Both of these sectors can significantly contribute to quality job creation while supporting the broader goals of social and economic development.
Was this answer helpful?
0
0

Top Questions on Economic Reforms

View More Questions

Questions Asked in CBSE CLASS XII exam

View More Questions