As per the Economic Survey 2022-23, the Labour Force Participation Rate for males has gone up to ________in 2020-21.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 57.5%.
According to the Economic Survey 2022-23, the Labour Force Participation Rate (LFPR) for males in India increased to 57.5% in 2020-21. The LFPR is a key indicator of the proportion of the working-age population that is either employed or actively seeking employment. This increase indicates a recovery in male workforce participation, particularly following the disruptions caused by the COVID-19 pandemic.
The rise in LFPR reflects several factors, such as economic recovery efforts, the growth of sectors like agriculture, construction, and digital services, and increased access to employment opportunities. However, the male LFPR remains significantly higher than that of females, highlighting the gender disparity in labor market participation.
The report suggests that while the increase in male LFPR is a positive sign of economic recovery, further efforts are required to improve female workforce participation, which remains a critical challenge for India’s inclusive economic growth.