<h1>Unemployment Falls to 3.2% in India as Youth and Female Workforce Participation Rises, Boosted by Employment Initiatives.</h1> India's labor market has improved over the past six years, with the unemployment rate dropping to 3.2% in 2022-23, according to the Periodic Labour Force Survey. The Economic Survey 2023-24 highlights increased youth and female workforce participation, particularly in rural areas, and a recovery in the organized manufacturing sector. Employment initiatives, such as the Production Linked Incentive scheme and Aatmanirbhar Bharat Rojgar Yojana, have contributed to this growth. EPFO payroll additions have more than doubled in five years, indicating robust formal employment growth. Rural wages have also seen significant growth, benefiting from strong agricultural output.