India Employment Report 2024, recently seen in the news, is released by which organization?a)International Labour Organization & Institute of Human Developmentb)Amnesty Internationalc)United Nations Conference on Trade and Developmentd)World Health OrganizationCorrect answer is option 'A'. Can you explain this answer?

Question

Answer

International Labour Organization & Institute of Human Development
The India Employment Report 2024, which has been making headlines recently, is released by the International Labour Organization (ILO) in collaboration with the Institute of Human Development.

Significance of the Report
The report provides valuable insights into the current employment scenario in India, highlighting key trends, challenges, and opportunities in the labor market. It offers an in-depth analysis of various aspects of employment, such as job creation, workforce participation, wage trends, and skill development.

Collaboration between ILO and Institute of Human Development
The partnership between the ILO and the Institute of Human Development ensures a comprehensive and well-researched report that is based on credible data and rigorous analysis. By combining their expertise and resources, these organizations are able to produce a report that serves as a crucial tool for policymakers, researchers, and other stakeholders in understanding and addressing the complex issues related to employment in India.

Policy Implications
The findings of the India Employment Report 2024 can inform the design and implementation of policies aimed at promoting inclusive and sustainable employment growth in the country. By shedding light on the current challenges and opportunities in the labor market, the report can help policymakers formulate strategies to address issues such as unemployment, underemployment, and informal labor.
In conclusion, the India Employment Report 2024 released by the International Labour Organization and the Institute of Human Development plays a significant role in shaping the discourse on employment in India and guiding the development of policies that promote decent work and economic growth.

Answer

The India Employment Report 2024, co-published by the ILO and IHD, underscores the ongoing challenges for Indian youth in finding jobs. Alarmingly, around 83% of the unemployed are young individuals. Particularly troubling is the rise in educated youth among the jobless, with those possessing secondary education or higher comprising 65.7% of the unemployed youth, up from 35.2% in 2000. This trend indicates a pressing need for interventions to address youth unemployment and skill development.

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