Unemployment rate in the country has slumped from 6.0 per cent in 2017–18 to 3.2 per cent in 2023–24 and 1.56 crore women have joined the formal workforce in the past seven years, an official statement said on Saturday.

As per the Ministry of Labour and Employment, employment in India rose to 64.33 crore in 2023-24 as compared to 47.5 crore in 2017-18 – a net addition of 16.83 crore jobs over six years, reflecting the government’s focus on youth-centric policies and its Viksit Bharat vision.

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“This growth is specially significant because from an economic standpoint, Gross Domestic Product (GDP) alone cannot fully capture a nation’s true development,” the statement said.

A more accurate picture emerges when multiple macroeconomic indicators are considered- with employment b

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