Labour data points to significant distress in the Indian economy
SummaryThere was a huge labour-force shift back to agriculture and economic conditions have been adverse.
Last month, the National Statistical Office (NSO) released the Periodic Labour Force Survey (PLFS) estimates for 2021-22. This is the fifth of the annual survey started in 2017-18. Unlike urban quarterly surveys, which are available with a few months lag, annual surveys provide estimates of employment and unemployment for all of India. The 2021-22 survey is important because it is the first after the covid pandemic.