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Projected Growth in Population and Labour Force

Projected Growth in Population and Labour Force

Labour force projections are on the basis of labor force participation rate for each quinquennial age group remaining unchanged, i.e. the change in labour force growth in relation to population are due to change in the composition of the population.  

Population

2002-2007

2007-2012

2012-2017

(Percentage per annum)

All age groups

1.54

1.37

1.22

15-59 years

2.43

2.04

1.54

15+

2.54

2.20

1.82

Labour Force

2.31

1.96

1.62

15-59

2.31

1.95

1.53

15+

2.37

2.04

1.68

 

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Please note that this is the opinion of the author and is Not Certified by ICAR or any of its authorised agents.