"Decreased labour force participation of women in India is a big problem. It is very important to promote their participation, their involvement in the Indian economy," the chief of International Labour Organisation's (ILO) research division Raymond Torres said ahead of their new global unemployment report released today.
"And the second is to continue to build on the experience of Rural Employment Guarantee (Mahatma Gandhi National Rural Employment Guarantee Scheme or MGNREGS). There has been some debate in India recently but it would be a mistake to withdraw this, I think, because it is a very important social programme.
In a beginning-of-the-year report on global employment trends in 2015 that also projected trends for 2016, the ILO said unemployment the world over rose last year and downturns in key emerging economies presented a grim outlook, with the situation expected to worsen further over the next two years.
India's unemployment rate remained at 3.5 per cent in 2014 and 2015 but will decrease slightly to 3.4 per cent in 2016 and 2017, according to the ILO findings. However, the number of people seeking jobs will increase to 17.6 million people in 2017 from 17.5 million people in both 2015 and 2016.
"The global economy is not generating enough jobs to reverse the continuing increase in the alarmingly high unemployment situation in the world," said the ILO Director- General Guy Ryder.
The unemployment level in developed countries has fallen
slightly from 7.1 per cent in 2014 to 6.7 per cent in 2015 while the employment outlook has weakened in emerging and developing economies, notably in Brazil, China and other oil- producing economies.
Vulnerable employment - self-employed, own-account workers, unpaid family contributors - accounted for a whopping 46 per cent of the total people employed which adds to 1.5 billion people in the world who are vulnerably engaged. In both sub-Saharan Africa and southern Asia over 70 per cent of the employed are in vulnerable employment.
The number of vulnerably employed is projected to grow by 25 million in emerging economies in the next three years.
"Regrettably, the fact of being at work for many people does not guarantee an escape from poverty," said the UN labour agency chief.
In 2015, the number of working-age population who did not participate in the labour market was 2 billion - an increase of 26 million over the previous year.
"There is much evidence that well-designed labour market and social policies are essential for boosting economic growth and addressing job crisis and almost eight years after the start of a global crisis, a strengthening of that policy approach is urgently needed," Torres said in a press statement.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
