Frustrated at not being able to find the right kind of job, millions of Indians, particularly women, are exiting the labor force entirely, according to new data from the Centre for Monitoring Indian Economy Pvt, a private research firm in Mumbai. Between 2017 and 2022, the overall labor participation rate dropped from 46% to 40%. Among women, the data is even starker. About 21 million disappeared from the workforce, leaving only 9% of the eligible population employed or looking for positions.
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India’s job creation problem is morphing into a greater threat: a growing number of people are no longer even looking for work https://t.co/OaHesyEhpy
— Bloomberg (@business) April 25, 2022
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