March 28, 2024, 06:50 PM - 2 min read
One of the most striking revelations of the report is the paradoxical improvements in various labour market indicators amidst economic turbulence. Despite the long-term deterioration in the years leading up to 2019, recent years have seen positive shifts in metrics such as the labour force participation rate and unemployment rate. However, beneath these surface improvements lie deeper issues that cannot be overlooked.
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March 27, 2024, 12:15 PM - 2 min read
Chief Economic Adviser V Anantha Nageswaran, upon releasing the report, emphasized the need to shift away from the notion that every economic or social issue necessitates government intervention. He stressed the role of the commercial sector in driving employment, stating, "In the normal world, it is the commercial sector, those who engage in for-profit activity, who need to do the hiring."
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