Workforce

Question 1

How much employment is generated by MSME as per OECD, 2018 report?

Answer 1

11.1 crore or 111 million jobs, contributing 30% of GDP

OECD , 2018

Question 2

How many % graduates employable in India, as per Economic Survey 2023-24?

Answer 2

Only 51% of graduates are employable - Economic Survey 2023-24

Question 3

How much % of workforce employed in informal sector, India?

Answer 3

Almost 85% of workers

OECD, 2018

Question 4

How much net subscribers joined EPFO in FY24 ( Extent of formalisation)

Answer 4

More than 1.3 crore

Eco Survey FY 24

Question 5

% of Worker Population ratio in India, FY 20 vs FY 23 (Trend)

Answer 5

FY 20 = 50.9 %
FY 23 = 56 %

PLFS-2022-2023 (Periodic Labour Force Survey)

Question 6

% of workforce in Agriculture vs Services vs Manufacturing

Answer 6

Agriculture = 45%
Services = 28.9%
Manufacturing = 11.4%

Question 7

% of workforce in tourism and hospitality

Answer 7

5.8% of workforce (Highly labour intensive sector)

Question 8

Female Labour Force Participation Rate in India vs China

Answer 8

India = 37% ( 2023) up from 23.3 % (2017-2018)

China = 61%

Periodic Labour Force Survey (2022-23)

Question 9

Which Datasource to quote for labour force and workforce related stats

Answer 9

Periodic Labour Force Survey (2022-23)