India’s success story: The unemployment rate in India declined from 4.8 to 3.2 percent. The government has stated in a written reply in the Lok Sabha that in the last five years, there has been a decrease of 33 percent in unemployment rate in the age of 15-29 in the country. According to the Ministry of Statistics and Program Implementation, where the unemployment rate in this age group was 15 percent in 2019-20, in 2023-24 the rate declined to 10.2 percent. Similarly, during this period, the common unemployment rate in the country also decreased from 4.8 percent to 3.2 percent. The government has given this data on the basis of Periodic Labor Force Survey to be held every year.
UP’s figure is also saying the same
The same situation is also with Uttar Pradesh, the largest state of the country. Uttar Pradesh Chief Minister Yogi Adityanath said on Monday that the unemployment rate in the state was 19 percent in 2016-17, which has come down to three percent today. He said that there has been a significant decrease in unemployment rate in the last eight years, per capita income has increased and now Uttar Pradesh is moving towards becoming an economy of one million million dollars. He said that in the last eight years, more than eight lakh youths were given government jobs, more than two crore youth in the MSME sector were connected with self -employment and 50 lakh youth were made digital.
IMF claims on GDP
The latest data of the International Monetary Fund or IMF shows that India’s GDP has increased a tremendous increase of 105 percent in the last decade. According to the IMF, India’s GDP is currently $ 4.3 trillion. The GDP in 2015 was 2.1 trillion dollars, when Narendra Modi’s first term as Prime Minister was less than a year. Since then, India has increased its economy more than doubled in terms of GDP or GDP.
India will soon leave Japan behind
India is on the verge of leaving Japan behind as the fourth largest economy in the world. Japan’s GDP is currently $ 4.4 trillion and India will cross that figure by the third quarter of 2025. If the average rate of development continues in the same way, India will leave Germany behind by the second quarter of 2027. Germany is currently the third largest economy in the world.