How is India described in the ILO report on global labor market recovery
In what way is India singled out as an exception in the International Labour Organization's assessment of global labor market recovery?
- The ILO report highlights that India's economy is projected to rebound faster compared to other large emerging economies.
- India's GDP is expected to grow by 7.1% in 2022, surpassing pre-pandemic levels, showcasing a robust recovery.
- Despite the positive GDP growth projection, India is singled out as an exception due to concerns about informal employment, challenges in labor market conditions, and gender disparities in the workforce.
- The report emphasizes the need for policies targeting the informal sector and vulnerable workers to ensure an inclusive recovery in India's labor market.
- While India shows strong economic growth, there are significant areas of improvement required in terms of employment quality and gender equality in the workforce.
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3 months ago