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[105] [106] According to the World Bank, 93% of India's population lived on less than $10 per day, and 99% lived on less than $20 per day in 2021. [107] According to a 2021 report by the Pew Research Center, India has roughly 1.2 billion lower-income individuals, 66 million middle-income individuals, 16 million upper-middle-income individuals ...
In December 2022, the WELT report forecast a world recession in 2023. [ 22 ] [ 19 ] However, at the same time it predicted that India's annual growth trajectory would be 6.4% for five years ahead, then 6.5 per cent during the next nine years, taking India from fifth position in global rankings in 2022 to third position in 2037, after China and ...
The list is compiled from the Report on Periodic Labour Force Survey (2018–19) released by Ministry of Statistics and Programme Implementation, Government of India. [ 1 ] Chhattisgarh has the least unemployment rate among the Indian states, while Rajasthan has the highest unemployment rate.
According to the ILO's World Employment Social Outlook Report, the unemployment rate in India has been in the 3.4% to 3.6% range over the Indian-government led 2009–2014 and the government led 2014–2019 periods. [42]
The 2023 Union Budget of India was presented by the Minister of Finance of India on February 1, 2023. This was the fourth budget of Narendra Modi-led NDA government's second term, starting from 2020. The Economic Survey for 2022–2023 was released on January 31, 2023 before the budget.
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The overall employment in the eight selected sectors covered in the quarterly surveys has increased by 10.66 lakh (0.16%). In IT/BPO sector the increase in the employment is maximum (6.9 lakh) during the year 2009–10. Emigration of Labour for employment abroad; Employment services and vocational training
In April 2020, the World Bank and rating agencies downgraded India's growth for fiscal year 2021 with the lowest figures India has seen in three decades since India's economic liberalization in the 1990s. [193] [194] On 12 April 2020, a World Bank report focusing on South Asia said that India's economy is expected to grow 1.5% to 2.8% for FY21 ...