Economic Survey 2023-24 Highlights Uptick in Female LFPR, Focus on Skilling and Entrepreneurship
January 2024
The Economic Survey 2023-24, presented before the Union Budget, is expected to further elaborate on the trends observed in the Periodic Labour Force Survey (PLFS) data, noting a continued increase in female Labour Force Participation Rate (LFPR), particularly in rural areas. It is likely to emphasize the role of government schemes like MUDRA and Stand Up India in fostering women's entrepreneurship and the importance of skill development initiatives under Skill India for enhancing employability. The survey might also highlight the need for continued investment in care infrastructure to support women's formal economic engagement, aligning with the 'Vyyuha Analysis: The Care Economy Paradox'.
UPSC Angle: This is a direct and high-probability topic for both Prelims (data points, scheme effectiveness) and Mains (policy analysis, challenges, solutions). Aspirants should focus on specific numbers, reasons for the uptick, and policy recommendations from the survey.