A topper · GS3 · 54 pages

Shreya: GS3 answer copy

20 answers by Shreya, as written in the test. Each question opens a page with how other toppers answered it.

The questions

The answers

Question 1 · 10 marks · 152 words written

Explain the significance of the recent changes made to the Periodic Labour Force Survey (PLFS) with respect to labour market data estimation in the country.

Opening · a definition

The Periodic Labour Force Survey is an annual survey undertaken by NSO to measure the labour force participation rate in the country.

Body · points

Recent changes made -

  1. Revitalising the PLFS by changing the assessment parameters. The current weekly status combined will be released on monthly basis.
  2. The current weekly status and Monthly Status in rural, urban and rural-urban will be released on quaterly basis.
  3. Improving the base and make the data more relevant and timely.

Significance

  1. Able to capture the current changes in the employment status.
  2. More efficient for policy formulation to regulate & control the unemployment rate.
  3. The monthly & quartely data of rural & urban will help to measure the unemployment in these areas effectively.
  4. The present unemployment rate stood @ 3.2% (2022-23) signifies India's growing trajectory to control it.

Close · a summary

Thus changes in the PLFS will help better capture of unemployment and better management.