Explanation:

India Employment Report 2024

• The recently released India Employment Report 2024 has highlighted the issue of high unemployment amongst India’s educated youth.

• Unemployment is the condition of one who is capable of working, actively seeking work, but unable to find any work.

• Report prepared by – Institute for Human Development (IHD) and International Labour Organisation (ILO).

Key findings

• Unemployment: India’s youth account for almost 83% of the unemployed workforce.

• The Labour Force Participation Rate, Worker Population Ratio and the Unemployment Rate showed a long-term deterioration between 2000 and 2018, but witnessed an improvement after 2019. 

• The youth unemployment rate increased with the level of education, with the highest among graduates and higher among women than men.

• Nature of work: Most of the workers remain engaged in informal work and the share of regular work declined after 2018.

• Skill development: India’s large young workforce don’t appear to have the necessary skills with 75% of youth unable to send emails with attachments.

• Gender gap: Among the educated unemployed youths, women accounted for a larger share (76.7%) than men (62.2%). 

• India is also facing the challenge of a substantial gender gap in the labour market, with low rates of female labour force participation.

Hence option 1st is correct.