With reference to India’s Labour Force Participation Rate, consider the following statements:
1. According to the Centre for Monitoring Indian Economy (CMIE) shows that India’s Labour Force Participation Rate (LFPR) has fallen to just 40% from an already low 47% in 2016.
2. The main reason for India’s LFPR being low is the abysmally low level of female LFPR.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2