In News:

Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman presented Union Budget 2025-26 in the Parliament.

Key Highlights:

Fiscal Policy and Macroeconomic Indicators

• Total Expenditure: ?50.65 lakh crore
• Total Receipts (excl. borrowings): ?34.96 lakh crore
• Fiscal Deficit: 4.4% of GDP
• Gross Market Borrowing: ?14.82 lakh crore
• Capital Expenditure: ?11.21 lakh crore (3.1% of GDP)

Agriculture and Allied Sectors

• Prime Minister Dhan-Dhaanya Krishi Yojana: 100 low-productivity districts targeted; 1.7 crore farmers to benefit.
• Mission for Aatmanirbharta in Pulses: 6-year mission on Tur, Urad, and Masoor; NAFED/NCCF to procure for 4 years.
• Vegetables & Fruits Program: Comprehensive initiative for production, pricing, processing, and logistics.
• Makhana Board: New board in Bihar for production, value addition, and export.
• National Mission on High Yielding Seeds: To commercialize over 100 high-yielding seed varieties.
• Cotton Mission: 5-year initiative to boost productivity and Extra Long Staple (ELS) varieties.
• Fisheries: New EEZ and High Seas Framework focusing on Islands.
• Credit through KCC: Loan limit increased from ?3 lakh to ?5 lakh.
• Urea Plant in Assam: New plant at Namrup (12.7 lakh MT annual capacity).

MSMEs and Startups

• MSME Classification: Investment and turnover limits doubled (2.5x & 2x).
• Credit Cards for Micro Units: ?5 lakh limit; 10 lakh cards in year one.
• ?10,000 Cr Fund of Funds for Startups
• First-Time Entrepreneurs Scheme: Loans up to ?2 crore for 5 lakh women, SC/ST entrepreneurs.
• Footwear & Leather Sector Scheme: Aims ?4 lakh crore turnover and 22 lakh jobs.
• Toy Manufacturing Support: High-quality, eco-friendly toy ecosystem.
• Food Tech Institute: To be established in Bihar.
• National Manufacturing Mission: Across small, medium, and large units.

Infrastructure and Investment

• PPP Pipeline: 3-year project pipeline to be announced.
• ?1.5 lakh crore 50-year interest-free loans to states for CapEx.
• Urban Challenge Fund: ?1 lakh crore outlay; ?10,000 crore for FY26.
• Asset Monetization Plan 2025–30: Capital recycling worth ?10 lakh crore.
• Jal Jeevan Mission: Extended to 2028 with enhanced outlay.
• UDAN 2.0: Targeting 120 new destinations, 4 crore passengers in 10 years.
• Maritime Development Fund: ?25,000 crore; up to 49% govt contribution.
• Nuclear Energy Mission: ?20,000 crore outlay for Small Modular Reactors (SMRs).
• Greenfield Airports: Announced for Bihar.

Welfare and Social Security

• Saksham Anganwadi & Poshan 2.0: Enhanced nutritional cost norms.
• Medical Education: 10,000 new MBBS seats; 75,000 in 5 years.
• Day Care Cancer Centres: In all district hospitals; 200 in FY26.
• PM SVANidhi Revamp: ?30,000 UPI-linked credit cards.
• Online Platform Workers: E-Shram ID, PMJAY coverage.
• Urban Livelihood Scheme: For sustainable urban worker incomes.

Education and Skilling

• 50,000 Atal Tinkering Labs: Govt schools in 5 years.
• Bharatiya Bhasha Pustak Scheme: Digital books in Indian languages.
• National Skilling Centres of Excellence: With global partners.
• AI in Education: Centre of Excellence with ?500 crore outlay.
• IIT Expansion: Additional capacity for 6,500 students.

Innovation and R&D

• ?20,000 crore Innovation Fund (private-led R&D).
• Deep Tech Fund of Funds: For next-gen startups.
• PM Research Fellowships: 10,000 fellowships with higher support.
• 2nd Gene Bank: 10 lakh germplasm lines for food security.
• National Geospatial Mission
• Gyan Bharatam Mission: Conservation of 1 crore+ manuscripts.

Exports and Trade

• Export Promotion Mission: With ministerial and sectoral targets.
• BharatTradeNet (BTN): Unified platform for trade finance and docs.
• GCC Framework: Promote Global Capability Centres in Tier-2 cities.

Financial Sector Reforms

• FDI in Insurance: Raised from 74% to 100% for domestic investment.
• NaBFID Credit Enhancement Facility: For infra bonds.
• Grameen Credit Score: For SHGs and rural borrowers.
• Investment Friendliness Index: To rank states in 2025.
• Jan Vishwas Bill 2.0: Decriminalization of 100+ provisions.
• Tonnage Tax Extended: To inland vessels.
• Startups: Tax benefit eligibility extended to incorporation by 1 April 2030.

Taxation Reforms

Direct Taxes

• No Personal Tax: Income up to ?12 lakh (?12.75 lakh for salaried) under new regime.
• Revised Tax Slabs (New Regime):
  • 0–4L: Nil | 4–8L: 5% | 8–12L: 10%
  • 12–16L: 15% | 16–20L: 20% | 20–24L: 25% | 24L+: 30%
• Standard Deduction: ?75,000
• Compliance Relief: Trusts registration extended to 10 years.
• TDS/TCS Rationalization: Fewer thresholds, higher limits for senior citizens and rent.
• Tax Certainty: Safe harbour rules, startup extensions, presumptive taxation for electronics.

Indirect Taxes

• Tariff Rationalization: Only 8 remaining tariff rates.
• Customs Relief: ?2,600 crore forgone, key lifeline drugs exempted.
• Support to Domestic Manufacturing:
  • EV/mobile battery manufacturing: 63 capital goods exempted
  • Ships: BCD exemption extended for 10 years
  • Marine, leather, textiles: Several BCD reductions/exemptions
• Voluntary Compliance Scheme: Without penalty for post-clearance corrections.

In News:

• Released on 31st January 2025, a day before the Union Budget.
• Prepared by the Department of Economic Affairs, Ministry of Finance.
• Provides a comprehensive review of India’s macroeconomic trends, sectoral developments, and key policy challenges.
• Real GDP growth estimated at 6.4% in FY25 (close to decadal average); projected between 6.3–6.8% in FY26.
• Reflects India's resilience amidst global slowdown, supply chain disruptions, and geopolitical uncertainties.

Sector-wise Performance

Agriculture:

• Expected growth: 3.8% in FY25.
• Record Kharif foodgrain production: 1647.05 LMT (+5.7% YoY).
• Growth driven by horticulture, livestock, and fisheries.
• Supported by above-normal monsoons and robust reservoir levels.

Industry:

• Estimated growth: 6.2% in FY25.
• Construction, utilities, and mining contribute significantly.
• Challenges: Sluggish export demand, climate disruptions, and festival timing variations.
• Manufacturing PMI remains in the expansionary zone.

Services:

• Robust growth: 7.2% in FY25.
• Services exports up by 12.8% (April–Nov FY25) vs 5.7% in FY24.
• Growth led by finance, real estate, public administration, and professional services.

Inflation and Price Stability

• Retail inflation eased to 4.9% (Apr–Dec 2024) from 5.4% (FY24).
• Food inflation remains high at 8.4%, driven by pulses and vegetables.
• CPI expected to align with RBI's 4% target by FY26.

Investment and Infrastructure

• Capital Expenditure grew 8.2% YoY (Jul–Nov 2024); sustained increase since FY21.
• Infrastructure momentum:
  • 2031 km railways commissioned (Apr–Nov 2024).
  • 17 Vande Bharat trains introduced.
  • Port efficiency improved; container turnaround time reduced from 48.1 to 30.4 hours.
• Renewable energy capacity rose by 15.8% YoY (Dec 2024).

External Sector and Trade

• Overall exports grew by 6% (Apr–Dec 2024); merchandise exports up 1.6%.
• Services exports surged; India now 7th largest globally.
• FDI inflows: $55.6 billion (Apr–Nov FY25), +17.9% YoY.
• Forex reserves at $640.3 billion (Dec 2024), covering 10.9 months of imports and 90% of external debt.
• CAD contained at 1.2% of GDP in Q2 FY25.
• Strong remittance inflows support BOP stability.

Fiscal Health

• Gross Tax Revenue rose 10.7% YoY (Apr–Nov 2024).
• Stable deficit indicators allowed for developmental expenditure.
• State revenue expenditure grew 12%, with subsidies increasing by 25.7%.

Banking, Credit, and Financial Markets

• Gross NPAs dropped to 2.6% (lowest in 12 years).
• CRAR of scheduled banks at 16.7% (Sept 2024), well above regulatory norms.
• Stock market cap to GDP ratio: 136%, higher than China (65%) and Brazil (37%).
• Credit-GDP gap reduced to -0.3% in Q1 FY25 (from -10.3% in Q1 FY23).

Employment and Labour Market

• Unemployment rate declined to 3.2% (2023-24) from 6.0% (2017-18).
• Labour Force Participation Rate (LFPR) and Worker-Population Ratio (WPR) improved.
• Emphasis on AI skill development to future-proof labour markets.

Health, Education & Social Sector

• Government health expenditure rose from 29% to 48% of total health spending (FY15–FY22).
• Out-of-pocket expenditure dropped from 62.6% to 39.4% in the same period.
• Education reforms aligned with NEP 2020 via programs like Samagra Shiksha, DIKSHA, PM SHRI, etc.
• Social services spending grew at 15% CAGR (FY21–FY25).
• Decline in Gini coefficient indicates improving consumption equality.

Policy Recommendations and Reform Agenda

• Deregulation as central theme to boost productivity and EoDB.
• Advocates Ease of Doing Business 2.0, led by states, targeting:
  • Simplification of compliance norms.
  • Risk-based regulation.
  • Reduction in tariffs and licensing hurdles.
• ?50,000 crore Self-Reliant India Fund launched for MSME equity support.
• Need for long-term infrastructure investment to achieve Viksit Bharat@2047.

Global Backdrop

• Global GDP grew by 3.3% in 2023, with an average 3.2% growth projected over next five years (IMF).
• Weak global manufacturing; services sector remains stronger.
• Risks: Geopolitical tensions, trade policy fragmentation, energy transition dependence on China.

Way Forward

• Balanced outlook for FY26 with upside from:
  • Strong rural demand.
  • Agricultural recovery.
  • Easing food inflation.
• Challenges include:
  • Geopolitical tensions.
  • Global trade and commodity price volatility.
  • Delay in private investment materialisation.

In News:

The Union Cabinet reviewed the progress under NHM (2021–24), underscoring significant gains in public health infrastructure, disease control, and healthcare accessibility, particularly during and after the COVID-19 pandemic.

About NHM:

• Launched: 2013, integrating NRHM (2005) and NUHM (2012).
• Objective: Universal access to equitable, affordable, and quality healthcare services.
• Focus: Vulnerable populations, rural and urban poor.
• Implementation: Ministry of Health & Family Welfare supports states and UTs.

Key Achievements (2021–2024):

1. Human Resource Expansion

• 12.13 lakh healthcare workers added, including doctors, nurses, CHOs, and AYUSH practitioners.
• Ni-kshay Mitras: 1.56 lakh volunteers supported 9.4 lakh TB patients.
• Progressive annual engagement:
  • FY 2021–22: 2.69 lakh
  • FY 2022–23: 4.21 lakh
  • FY 2023–24: 5.23 lakh

Maternal and Child Health

• Maternal Mortality Ratio (MMR): Dropped by 83% since 1990 (from 130 to 97 per lakh live births).
• Under-5 Mortality Rate (U5MR): Reduced from 45 (2014) to 32 (2020).
• Infant Mortality Rate (IMR): Declined from 39 (2014) to 28 (2020).
• Total Fertility Rate (TFR): Reduced from 2.3 (2015) to 2.0 (2020).

Disease Control and Elimination

• Tuberculosis (TB):
  • Incidence: From 237 (2015) to 195 (2023) per 1,00,000.
  • Mortality: Decreased by 21.4% (from 28 to 22).
• Kala-azar: Target achieved in all endemic blocks (<1 case/10,000 population by 2023).
• Sickle Cell Anemia: 2.61 crore people screened under the National Elimination Mission.
• Malaria:
  • Cases fell in 2021 but rose in 2022 and 2023.
  • Deaths declined continuously.

Immunization Campaigns

• COVID-19: Over 220 crore doses administered (2021–2024).
• Measles-Rubella: 97.98% coverage, vaccinating 34.77 crore children under IMI 5.0.
• Digital Health: U-WIN platform launched in 2023 for real-time vaccination tracking in 65 districts.

Healthcare Infrastructure

• 7,998 health facilities certified under National Quality Assurance Standards (NQAS).
• Ayushman Arogya Mandirs: 1.72 lakh operational, with 1.34 lakh offering 12 essential services.
• 24×7 services: At 12,348 PHCs and 3,133 FRUs.
• Mobile Medical Units (MMUs): Expanded to 1,424 units, MMU Portal operational.

Specialized Health Initiatives

• Pradhan Mantri TB Mukt Bharat Abhiyan: Volunteer-driven TB patient support.
• Pradhan Mantri National Dialysis Programme:
  • Delivered 62.35 lakh hemodialysis sessions to 4.53 lakh patients in FY 2023–24.
• Sickle Cell Mission: Major tribal health initiative targeting elimination by 2047.

National Programs Under NHM

• RMNCH+A: Reproductive, Maternal, Newborn, Child, and Adolescent Health.
• Communicable Disease Control: TB, malaria, leprosy, HIV/AIDS.
• Non-Communicable Diseases (NCDs): Cancer, diabetes, hypertension.
• Other Initiatives: Rashtriya Bal Swasthya Karyakram (RBSK), PM National Dialysis Programme, Ayushman Bharat (AB-PMJAY).

Alignment with SDG Goals

• NHM achievements indicate India is on track to meet SDG-3 targets (Good Health and Well-being), especially in maternal and child mortality reduction.

Introduction

India's transition towards clean energy has accelerated, with 2024 witnessing record-breaking renewable energy (RE) installations and policy innovation. With a vision to achieve 500 GW of non-fossil fuel capacity by 2030 and net-zero emissions by 2070, India is shaping itself as a global leader in sustainable development.

What is Renewable Energy?

Renewable energy is derived from naturally replenishing sources like solar, wind, hydropower, and biomass. It plays a vital role in:

• Reducing dependence on fossil fuels.
• Lowering greenhouse gas emissions.
• Ensuring long-term energy security.

India’s RE Targets and Progress

Parameter                                 Target/Status

2030 Target                              500 GW of non-fossil fuel capacity

Net Zero by                               2070

Current Status (Jan 2025)      217.62 GW of non-fossil fuel-based capacity

Short-term Goal                      50% energy capacity from renewable sources

2024: Year of Renewable Milestones

Solar Energy

• 24.5 GW added in 2024 — a 2.8x increase over 2023.
• 18.5 GW utility-scale solar: Rajasthan, Gujarat, Tamil Nadu contributed 71%.
• Rooftop Solar:
  • 4.59 GW added (↑53%)
  • 7 lakh installations under PM Surya Ghar: Muft Bijli Yojana.
• Off-grid Solar:
  • 1.48 GW added (↑182%), promoting rural energy access.

Wind Energy

• 3.4 GW added: Gujarat (1,250 MW), Karnataka (1,135 MW), Tamil Nadu (980 MW) = 98% of new capacity.

Hydropower & Others

• Existing hydropower plants modernized to improve efficiency.

Government Initiatives Driving Growth

Scheme/Initiative                                                Purpose

PM Surya Ghar: Muft Bijli Yojana                  Rooftop solar subsidies for households

Green Energy Corridor (GEC)                        Transmission infra for RE-rich states

Hydrogen Energy Mission                                Promote green hydrogen production

National Smart Grid Mission (NSGM)            Integration of variable RE sources into the grid

FAME Scheme                                                   Promote EV adoption, indirectly supporting RE usage

International Solar Alliance (ISA)                   Strengthen global cooperation in solar energy

Challenges in RE Expansion

• Land Acquisition: Resistance from locals, especially in solar park areas.
• Grid Stability: Intermittency of solar/wind leads to voltage and frequency issues.
• Storage Gaps: Lack of large-scale battery storage limits surplus utilization.
• E-Waste Concerns: Rising disposal of solar panels and batteries.
• Mineral Dependency: Import reliance on lithium, cobalt, etc.
• Regulatory Bottlenecks: Delay in approvals and lack of inter-state coordination.

Way Forward: Strategic Interventions

Technological Innovation

• Floating Solar Projects: Utilize reservoirs to save land and reduce evaporation.
• Decentralized Systems: Peer-to-peer trading via blockchain for energy democratization.
• Green Hydrogen: Use surplus RE for hydrogen fuel, develop hydrogen corridors.

Infrastructure & Manufacturing

• Renewable Energy SEZs: Promote local manufacturing and innovation.
• Smart Grid Development: Improve grid flexibility and real-time balancing.

Environmental Management

• Circular Economy for RE Waste: Design policies for solar panel and battery recycling.
• Urban Integration: Incentivize rooftop installations in urban centers.

Conclusion

India’s renewable energy revolution is at a crucial juncture. With 2024 setting a strong precedent through record installations and policy progress, the path to 2030 and beyond will require addressing infrastructural, financial, and regulatory challenges. A multi-pronged, inclusive, and technology-driven approach will help India lead the global clean energy transition.

Overview

Union Home Minister Amit Shah has reiterated India's commitment to eliminate Naxalism in Chhattisgarh by March 31, 2026. He emphasized the progress made in the fight against Naxalism, highlighting key successes and outlining the strategy for the coming years.

Key Pointers

• Government Commitment: Amit Shah emphasized the joint commitment of the Government of India and the Chhattisgarh state leadership to rid the state of Naxalism by 2026.
• Security Forces’ Success: Over the past year, Chhattisgarh police neutralized 287 Naxalites, arrested around 1,000, and saw 837 surrenders.
• Top Naxal Cadres Neutralized: The state forces successfully neutralized 14 high-ranking Naxal cadres.
• President’s Police Colour Award: Chhattisgarh Police received the President's insignia within 25 years, a significant achievement for the state.

The Three-Pronged Strategy for Eliminating Maoist Insurgency

1. Security Measures (Force)

Deployment of Security Forces

• Enhanced Presence: Increased deployment of Central and State police forces in Left-Wing Extremism (LWE) areas.
• Joint Operations: Coordinated operations between state and central forces, including CRPF and COBRA units.
• Upgraded Technology: Incorporation of UAVs, solar lights, and mobile towers to enhance operational efficiency.

Operation SAMADHAN

• Key Elements:
  • Smart Leadership: Leading with innovative strategies.
  • Aggressive Strategy: Swift, decisive action against insurgents.
  • Motivation and Training: Strengthening the capabilities of forces.
  • Actionable Intelligence: Real-time intelligence for effective operations.
  • Harnessing Technology: Using modern tech for strategic advantage.

2. Development Initiatives

Focused Development Schemes

• PMGSY: Rural road connectivity under the Pradhan Mantri Gram Sadak Yojana.
• Aspirational Districts Program: Improving infrastructure in Naxal-affected areas.
• Skill Development: Targeted schemes in 47 LWE-affected districts to reduce unemployment.

Infrastructure Development

• Special Infrastructure Schemes: Building schools, roads, and bridges in remote areas to integrate them into the mainstream economy.
• Rehabilitation: Focus on providing rehabilitation for former Naxals through education and vocational training.

3. Empowerment (Winning Hearts and Minds)

Public Engagement

• Tribal Empowerment: Strengthening communication with tribal communities to reduce alienation and mistrust.
• Rehabilitation Policies: Surrender schemes offering incentives like education and financial aid to reintegrate former insurgents into society.

Maoism: Ideology and Background

What is Maoism?

• Origin: A form of communism developed by Mao Tse Tung, focusing on armed insurgency to capture state power.
• Core Beliefs: Maoists believe in violence and insurrection as legitimate means to overthrow the state and establish a People’s Democratic Republic.
• Indian Maoism: The Communist Party of India (Maoist), formed in 2004, leads the largest Maoist insurgency in India.

Recent Achievements in Combatting Maoist Insurgency

Key Successes in 2023

• Maoist-Free Villages: Villages in Dantewada declared "Maoist-free," a significant victory for the state.
• Reduction in Security Forces’ Casualties: 14 deaths in 2024, a dramatic decrease from 198 deaths in 2007.
• Infrastructure and Logistical Support: Enhanced use of helicopters and fortified police stations.

Government’s Commitment to Rebuilding

• Rehabilitation and Welfare: The government is implementing policies to improve the living standards of affected families, including 15,000 houses for Naxal-affected regions.
• Economic Development: Focus on building infrastructure and providing employment through skills training programs.

Challenges in Eliminating Naxalism

Socio-Economic Issues

• Exploitation of Tribals: Marginalization of tribals due to displacement for mining and forestry.
• Lack of Infrastructure: Basic amenities like roads, schools, and healthcare are absent in many areas.
• Centralized Naxal Command: The CPI (Maoist) retains a strong leadership, despite fragmentation of its forces.

Governance and Trust Issues

• Alienation of Local Populations: Ineffective governance and poor implementation of welfare schemes fuel local support for Naxal groups.
• Resource Conflict: The Naxals exploit rich mineral resources in the region to fund their insurgency.

Way Forward

Governance and Economic Reforms

• Tribal Empowerment: Form Tribal Advisory Councils as per the Fifth Schedule for better resource management.
• Land Redistribution: Enforce the Land Ceiling Act to reduce inequality.
• Livelihood Programs: Offer alternative livelihoods to reduce dependency on illegal activities.

Security Measures

• Paramilitary Deployment: Specialized forces to secure tribal areas and enable local governance.
• Resource Management: Ensure sustainable exploitation of natural resources, involving tribal communities in the decision-making process.

Peace Dialogues

• Inclusive Policies: Engage in dialogue with Naxals to facilitate their reintegration into mainstream society.

Conclusion

Naxalism in India, particularly in Chhattisgarh, is a complex issue rooted in socio-economic inequalities, lack of development, and historical alienation of tribal communities. The government's approach, encapsulated in the SAMADHAN strategy, combines security operations with developmental initiatives and a focus on empowerment to tackle the problem. With a clear commitment to eliminate Naxalism by 2026, the Indian government is making significant strides in reducing violence, improving governance, and integrating affected communities into the mainstream.

In News:

The Periodic Labour Force Survey (PLFS) conducted by the National Statistical Office (NSO) from July 2023 to June 2024 provides crucial insights into the employment landscape in India.

Key Findings from the PLFS Report 2023-24

• Labour Force Participation Rate (LFPR):
  • The LFPR for individuals aged 15 years and above rose to 60.1%, an increase from 57.9% the previous year.
  • For males, LFPR is at 78.8%, while for females, it increased to 41.7%, up from 37.0%.
• Worker Population Ratio (WPR):
  • The WPR for the same age group stands at 58.2%. This is composed of 76.3% for males and 40.3% for females.
  • Female WPR improved from 35.9% to 40.3% during the reporting period.
• Unemployment Rate (UR):
  • The overall unemployment rate is 3.2%. It slightly declined for males from 3.3% to 3.2%, while it increased for females from 2.9% to 3.2%.

Overview of the PLFS

The PLFS, initiated in April 2017, aims to provide timely and accurate labor market data. It focuses on two main objectives:

• Short-term Employment Indicators: Measure key employment metrics every three months in urban areas using the Current Weekly Status (CWS) approach.
• Annual Estimates: Gather employment and unemployment data for both urban and rural areas, assessing them in terms of Usual Status and CWS.

Methodology and Sample Design

• The survey employs a rotational panel sampling design in urban areas, where households are visited multiple times to ensure comprehensive data collection.
• During the 2023-24 period, a total of 12,800 Field Sampling Units (FSUs) were designated, with 12,743 successfully surveyed.

Conceptual Framework

Key indicators measured include:

• Labour Force Participation Rate (LFPR): Percentage of the population working or actively seeking work.
• Worker Population Ratio (WPR): Percentage of employed individuals in the total population.
• Unemployment Rate (UR): Proportion of unemployed individuals among the labor force.

Challenges in Job Creation

India continues to face significant challenges in generating formal jobs. Key factors contributing to this issue include:

• Informalization of Employment: Growth in sectors like agriculture and construction is leading to increased informal employment, lacking social security and job protections.
• Technological Advancements: Automation and AI threaten job opportunities, even for skilled workers, as evidenced by layoffs in the IT sector.
• Skill Mismatch: Despite a push for skill development, the share of skilled jobs has declined, highlighting a growing disconnect between training programs and labor market needs.
• Policy Impacts: Past policies, such as demonetization and poorly implemented GST, have negatively impacted small and medium enterprises (SMEs), which are vital for job creation.

Way Forward:

To address these challenges, several strategies are proposed:

• Sectoral Diversification: Fostering investments in manufacturing, renewable energy, and technology can generate productive jobs.
• Support for MSMEs: Targeted financial aid and regulatory relief for micro, small, and medium enterprises are crucial for boosting their employment potential.
• Skill Development: Aligning training initiatives with current industry demands, particularly in emerging sectors, is essential.
• Focus on New-Age Services: Encouraging growth in sectors like e-commerce and online education could create diverse job opportunities.

Conclusion

The PLFS 2023-24 reveals an encouraging increase in labor force participation, particularly among women, while also highlighting persistent challenges in unemployment and gender disparities. The findings underscore the need for continued efforts to enhance job creation and improve employment conditions in both formal and informal sectors.