India's Falling Unemployment Rate Masks Lack of 'Decent Work'

India's unemployment rate dropped to 3.2% in 2023-24 from 6.1% in 2017-18, with increased female workforce participation.

Despite falling unemployment, a significant portion of the workforce lacks 'decent work' as defined by the ILO, lacking equitable income, rights, and security.

Informality persists, with nearly 90% of India's workforce informally employed, a share that has risen since 2019.