Asia-Pacific Employment and Social Outlook Report

Current Context : The International Labour Organisation (ILO) has released the report for the Asia-Pacific region.

RELEVANT FACTS ABOUT REPORT :

• Asia-Pacific region is undergoing rapid population ageing with the ratio of people aged 65 years and above expected to double by 2050.
• A substantial proportion of workers still engaged in low-quality, informal employment. Productivity growth is needed in India to achieve high income status by 2050.
• The Employment to Population Ratio (EPR) improved in the region to 58.2% (2023) from 57.4% (2022) mainly due to growth of employment among Indian women.
• Around 76% of manufacturers in India reported skilled labour shortages.

ABOUT INTERNATIONAL LABOUR ORGANISATION (ILO) :

• The International Labour Organization (ILO) is the United Nations agency for the world of work.
• It is also a member of the United Nations Development Group (UNDP).
• Headquarter : Geneva, Switzerland.