A study by the International labour Organisation has projected that unemployment rate in the South Asian region would decline to 4.9 per cent this year from 5.1 per cent recorded last year. The study projected GDP growth rate to edge higher to six per cent in the region.<br/><br/>Lauding social protection schemes like NREGA in India the study released in Geneva, however, underlined that level of consumption, poverty and vulnerable forms of employment still remain widespread. Highlighting gender disparity in the labour market, it said only 35 per cent of the working age women were economically active in the region as compared to 81 per cent for men.<br/> <br/>The report said the gap was the third highest among all regions, surpassed only by West Asia and North African regions.
News On AIR | January 27, 2010 9:41 PM
Unemployment rate in South Asian region would decline to 4.9 per cent :ILO