According to the Economic Survey 2024-25, 58.4% of India’s workforce was self-employed in 2023-24.
This figure represents a significant increase from 52.2% in 2017-18. The Survey interprets this rise as a shift toward entrepreneurship and a growing preference for flexible work arrangements among the Indian population.
Key Highlights from the Report
Decline in Casual Labor: The proportion of casual workers in the workforce dropped from 24.9% in 2017-18 to 19.8% in 2023-24. This suggests that people are moving away from temporary, precarious jobs toward more structured self-employment.
Rise in Women’s Entrepreneurship: The shift is particularly notable among rural women. The share of "own-account workers" or employers among rural women increased from 19% in 2017-18 to 31.2% in 2023-24.
Urban Shift: In urban areas, self-employed individuals (own-account workers/employers) rose from 23.7% to 28.5% over the same period.
Important Questions from Unemployment & Poverty
Disguised unemployment generally means
According to the Centre for Monitoring Indian Economy (CMIE), India's unemployment rate in June 2024 was _____.
What was the unemployment rate in India for individuals aged 15 years and above from July 2023 to June 2024?
According to the latest NSSO consumer expenditure survey conducted in 2024, what is the reported poverty rate in India?
- Which state recorded the lowest unemployment rate according to the PLFS 2022-23?
