Economics · Indian Economy Indicators
Assess the following three statements concerning the Informal Sector and Labour Force Participation Rate (LFPR) in the Indian economy: Statement 1: The recent formalization push driven by GST and demonetization has significantly reduced the size of the Informal Sector to less than 10 percent of the total employment. Statement 2: The Female Labour Force Participation Rate (FLFPR) in India, particularly in urban areas, is historically low, often attributed to structural barriers and safety concerns. Statement 3: The Periodic Labour Force Survey (PLFS), conducted by the NSO, is the official source for estimating key employment indicators like the Unemployment Rate and LFPR in India. Which of the following assessments is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement 1, Statement 2, and Statement 3 are all true.
- 2Statement 1 and Statement 2 are true, but Statement 3 is false.
- 3Statement 1 is true, but Statement 2 and Statement 3 are false.
- 4Statement 1 is false, but Statement 2 and Statement 3 are true.✓
Correct answer
Statement 1 is false, but Statement 2 and Statement 3 are true.
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