Phase IFoundation
Background
Overview
Accurate and credible labour market statistics are fundamental for effective economic planning, policy formulation (e.g., employment generation, skill development), and evaluating the impact of government interventions on socio-economic well-being.
Unemployment measurement in India primarily relies on surveys like the Periodic Labour Force Survey (PLFS) and various status approaches (e.g., Current Weekly Status), aiming to capture the activity status of the population. However, the unique characteristics of India's labour market, particularly its large informal sector, pose significant challenges to accurate and comprehensive data collection.