Employment generation remains the toughest job
5 years, 6 months ago

Employment generation remains the toughest job

Live Mint  

New Delhi: The greatest challenge that the Narendra Modi-led government faces in its second term is that of job creation. At the same time, the share of workers with a regular job was also higher than that recorded in any other official jobs survey in the past. As a Mint analysis based on data from annual reports of companies and from the Prowess database of the Centre for Monitoring Indian Economy showed, growth in corporate jobs picked up pace since 2016-17. The first challenge is that the proportion of regular salaried jobs is still small, with barely two among 10 people in the workforce having regular employment. The second big challenge is the precarious nature of even salaried jobs, with a majority of salaried workers lacking written contracts and basic benefits such as paid leaves, according to the PLFS report.

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History of this topic

Stagnant wages amid fast economic growth: We need an Indian Enlightenment
2 days, 16 hours ago

Stagnant wages amid fast economic growth: We need an Indian Enlightenment

Live Mint  

India’s economic growth story has been impressive. Wage stagnation amid rising inflation: The disparity between India’s economic growth and stagnant wages is stark. Chief economic advisor V. Anantha Nageswaran warns that low wages could stifle India’s long-term potential by weakening consumer demand and the quality of life for millions. This is not the template for a ‘Viksit Bharat.’ The paradox …

Bridging India's Skill Gap: Addressing the Employability Challenge
4 days, 15 hours ago

Bridging India's Skill Gap: Addressing the Employability Challenge

The Quint  

Peoplefy works closely with Large GCCs and IT Companies for their niche talent needs. According to a 2023 report by the India Skills Report, only 48.7% of the Indian workforce is deemed employable, highlighting a massive gap between education and industry requirements. The report also emphasizes that while India's literacy rate is around 77.7%, literacy does not equate to employability. …

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
1 month, 1 week ago

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre

Hindustan Times  

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Sunday said that the India's Gross Domestic Product growth rate has fallen to its lowest in two years at 5.4 percent. Rahul Gandhi on Sunday said India's GDP growth has dropped to 5.4 percent, the lowest in two years. The thing is clear - the Indian economy cannot progress as …

Upskilling India's Workforce: A Roadmap for the Future Economy
3 months ago

Upskilling India's Workforce: A Roadmap for the Future Economy

Hindustan Times  

The article highlights the need for India to invest in skill development and upskilling its workforce to address the challenges of a rapidly changing job market. The government's recent policy aims to enhance skill development for its youth through various initiatives, including the Skill India Mission and the launch of a new scheme focused on collaborative efforts between state and …

IT and textile sector labelled 'job destroyers,' significant decline in job growth in FY 2023-24: BoB report
4 months, 3 weeks ago

IT and textile sector labelled 'job destroyers,' significant decline in job growth in FY 2023-24: BoB report

Hindustan Times  

India Inc. saw a significant slowdown in employment growth, with an increase of just 1.5 per cent in FY24, compared to a 5.7 per cent rise in FY23, according to a report by Bank of Baroda. Job growth increased by just 1.5% in FY24, compared to a 5.7% rise in FY23, {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The report highlighted that only …

The budget & jobs: Prescriptions without diagnosis
4 months, 3 weeks ago

The budget & jobs: Prescriptions without diagnosis

New Indian Express  

The Union budget for 2024-25 has a grand target to provide employment to 4.1 crore young people in 5 years, which works out to 8.2 million a year. For example, it speaks of an “improved” situation “with the unemployment declining to 3.2 percent in 2022-23”, “rising youth and female participation in the workforce”, and a “bounce-back of the organised manufacturing …

Job Creation Seems Better Than Before but What About Quality and Sustainability?
5 months, 1 week ago

Job Creation Seems Better Than Before but What About Quality and Sustainability?

The Quint  

India's job market landscape presents a complex narrative, characterised by both positive indicators and underlying anxieties. The Reserve Bank of India recently published 'Measuring Productivity at the Industry Level-The India KLEMS Database,' providing data on employment trends across 27 key industries in India. The database, spanning FY 1980-81 to 2022-23 aims to provide critical data points on economic output, worker …

Good start on job creation but more steps are needed
5 months, 2 weeks ago

Good start on job creation but more steps are needed

New Indian Express  

Ending years of handwringing, the NDA government has finally decided to tackle the issue of high unemployment in the country. Last week, presenting Budget 2025, Finance Minister Nirmala Sitharaman gave job creation the greatest shot of adrenaline, rolling out five new schemes with an unprecedented outlay of Rs 2 lakh crore. The proposed package is expected to facilitate employment and …

India Needs to Create 78.51 Lakh Jobs in Non-Farm Sector: Survey
5 months, 3 weeks ago

India Needs to Create 78.51 Lakh Jobs in Non-Farm Sector: Survey

Deccan Chronicle  

New Delhi: The government on Monday asserted that the Indian economy needs to generate around 78.51 lakh jobs annually in the non-farm sector to meet growing demand and population growth. “The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce,” said the survey. “Casual …

Economic Survey 2023-24: Only 51% graduates employable
5 months, 3 weeks ago

Economic Survey 2023-24: Only 51% graduates employable

The Hindu  

According to the Economic Survey 2023-24, 65% of India’s fast-growing population is under the age of 35, and many lack the skills needed by a modern economy. The 2022-23 Annual Report of the Ministry of Skill Development & Entrepreneurship notes, “as per National Single SignOn, 2011-12 report on Status of Education and Vocational Training in India, among persons of age …

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas
5 months, 3 weeks ago

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas

News 18  

Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament, setting the stage for the Union Budget 2024-25. Skill Gap Challenge The Economic Survey 2023-24 said 65 per cent of India’s fast-growing population is under 35, and many lack the skills needed by a modern economy. In India, the government has been paying focused attention to enabling …

In search of jobs: On the challenge of employment generation
5 months, 4 weeks ago

In search of jobs: On the challenge of employment generation

The Hindu  

Employment generation will remain a major challenge before the Narendra Modi government in its third term, and the upcoming Union Budget is expected to take note of it. The ILO’s India Employment Report had also warned that the share of manufacturing employment was stagnant, at around 12%-14% and the slow transition of jobs from agriculture to non agriculture reversed due …

RBI Data on Job Creation A Shot in the Arm for Modi Sarkar Ahead of Budget
6 months ago

RBI Data on Job Creation A Shot in the Arm for Modi Sarkar Ahead of Budget

News 18  

A recent RBI data saying India has added 2.5 times more jobs in the financial year 2023-24 — the highest since 1981-82 — has given the perfect ammunition to the government and the finance ministry to counter the perception being spread by the Opposition that governance is crippled and slowed down. In fact, the government — as well as the …

Centre questions Citigroup’s report on employment in India
6 months ago

Centre questions Citigroup’s report on employment in India

The Hindu  

The Union Labour Ministry questioned the findings of a report prepared by the United States-based banking giant Citigroup and said the group failed to account for the “comprehensive and positive employment data” available from official sources such as the Periodic Labour Force Survey and the Reserve Bank of India’s capital, labour, energy, material and services data. The Citigroup’s report had …

Labour ministry rebuts Citigroup's research report on employment in India
6 months, 1 week ago

Labour ministry rebuts Citigroup's research report on employment in India

New Indian Express  

NEW DELHI: The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey …

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup
6 months, 1 week ago

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup

Hindustan Times  

India will struggle to create enough jobs for its growing workforce over the next decade even if the economy grows at a rapid pace of 7%, Citigroup Inc. said, suggesting the world’s most-populous nation will need more concerted steps to boost employment and skills. India will struggle to create enough jobs for its growing workforce over the next decade even …

‘Destruction of jobs’: India election turns spotlight on a dream gone sour
8 months, 1 week ago

‘Destruction of jobs’: India election turns spotlight on a dream gone sour

Al Jazeera  

India’s workforce is getting more informalised, and the quality of employment has suffered since the COVID-19 pandemic. Sahu’s experience is characteristic not only of India’s growing gig economy, but Even in the formal sector, about 18 percent of workers did not have work contracts that could protect them. ‘Slippage’ in job quality While India’s economy is pegged to grow at …

How to create more jobs for India’s educated youth | In Focus podcast
9 months, 1 week ago

How to create more jobs for India’s educated youth | In Focus podcast

The Hindu  

The India Employment Report 2024, released recently by the International Labour Organisation, paints a grim picture. The news is particularly bad on two critical counts: joblessness is particularly high among the youth, and its worse for the educated youth. According to the report, India’s youth account for 83% of the unemployed workforce, with the share of the educated youth among …

There is no discord over India’s growth and employment trends
10 months, 4 weeks ago

There is no discord over India’s growth and employment trends

Live Mint  

Coming to manufacturing, between 1998-99 and 2003-04, employment growth was 7.3 million. There is a clear slowdown in manufacturing employment growth between 2008-09 and 2013-14. So, it stands to reason that the decline in agricultural employment, which was of the order of 17.8 million, was absorbed by services and other sectors, given that the economy as a whole added 13.1 …

What job data says about the economy
1 year ago

What job data says about the economy

Hindustan Times  

The decade beginning in 2000 was one of the best as far as the Indian economy’s growth prospects were concerned. PREMIUM New Delhi, India - Feb. 16, 2018: Candidates apply for jobs at 'Job Fair' organized by Directorate of Employment, Delhi Government at Tyagraj Sports Complex in New Delhi, India, on Friday, February 16, 2018. However, headline employment numbers from …

India’s jobs crisis, the macroeconomic reasons
1 year ago

India’s jobs crisis, the macroeconomic reasons

The Hindu  

There are many indications everywhere that India continues to be going through a jobs crisis. Employment growth rate is determined by the relative strength of two factors — the output growth rate and the labour productivity growth rate. If labour productivity growth rate does not change, higher output growth rate increases employment growth rate. On the other hand, if labour …

Hiring in India: 37% employers planning to increase staff strength by 2024 March
1 year, 1 month ago

Hiring in India: 37% employers planning to increase staff strength by 2024 March

Live Mint  

India has one of the strongest hiring sentiments in the world over the next three months, with 37 percent of businesses planning to increase their staff levels in response to strong domestic demand, a report has stated. As per the survey, India and the Netherlands reported strongest net employment outlooks at 37 percent, followed by Costa Rica and the US …

Govt boosted employment in traditional as well as emerging sectors: PM Modi
1 year, 2 months ago

Govt boosted employment in traditional as well as emerging sectors: PM Modi

The Hindu  

Prime Minister Narendra Modi asserted on Saturday that his government has boosted employment opportunities in traditional as well as emerging sectors like renewable energy, defence exports and automation. “Today, India is equipping its youths with skills and education to harness emerging opportunities.” "India's trajectory and the pace of its progress are generating new employment prospects across all sectors," he said. …

Labour and its discontents
1 year, 3 months ago

Labour and its discontents

Hindustan Times  

There is a widespread consensus that employment generation is India’s central economic challenge. At one level, it can be argued that failure to reduce the employment share of agriculture is India’s biggest labour market challenge. At another, it can also be argued that the quality of non-agricultural jobs, caste-based inequalities in labour markets and a big gender gap in employment …

Data | The contours of India’s ‘formal jobs’ crisis
1 year, 5 months ago

Data | The contours of India’s ‘formal jobs’ crisis

The Hindu  

Since 2017, the Indian government has been using the Employees Provident Fund scheme’s data as a measure of payroll employment and formal job creation in the country. If we move past the basic scheme enrolment numbers, the EPF data, in fact, provide important insights into what’s happening to formal employment in the country. Unlike the EPF monthly enrolment data, which …

Create more competitive jobs to drive the Indian economy ahead
1 year, 6 months ago

Create more competitive jobs to drive the Indian economy ahead

Live Mint  

Manufacturing has been the backbone of many economies. Competitive jobs don’t just assure employees wages in the marketplace, they also provide opportunities for people to develop capabilities that can enhance productivity over time. The International Labour Organization’s World Employment and Social Outlook 2023 report considers productivity as “key to addressing today’s multiple crises". According to McKinsey’s analysis in 2020, to …

How much employment generation does the economy need? - The Hindu
1 year, 6 months ago

How much employment generation does the economy need? - The Hindu

The Hindu  

Economists associated with the government have been arguing that there is not much unemployment since enough employment is being generated. The current population increase will impact the labour force 15 years later when those born this year will potentially join the labour force. So, even though Mr. Debroy discounts circa 2003-04, children born then are precisely the ones who have …

Indian job market to see 22% churn in 5 yrs; AI, machine learning among top roles: WEF
1 year, 8 months ago

Indian job market to see 22% churn in 5 yrs; AI, machine learning among top roles: WEF

The Hindu  

The Indian job market is estimated to witness 22% churn over the next five years, with top emerging roles coming from AI, machine learning and data segments, a new study showed on May 1. Globally, the job market churn is estimated at 23%, with 69 million new jobs expected to be created and 83 million eliminated by 2027, the World …

Tapping advantages of population structure
1 year, 9 months ago

Tapping advantages of population structure

China Daily  

A nurse takes care of a newborn baby at Gansu Provincial Maternity and Childcare Hospital in Lanzhou. India's large population is set to boost its international standing, especially as it is already the world's fifth-largest economy and the fastest growing major economy. Although India has a young and dynamic population with high fertility potential, farmers make up more than 70 …

Year in Review | Indian economy amid global headwinds
2 years ago

Year in Review | Indian economy amid global headwinds

The Hindu  

Multiple headwinds at varied points of time impacted the Indian economy’s thorough economic revival in the calendar year 2022. “India’s growth rates in real terms of 9.7% in the first half of this year is well above the trend in other countries and is happening amid tightening global financial conditions and the commodity price shock since the Ukraine invasion by …

India’s youth bulge may have already peaked
2 years, 1 month ago

India’s youth bulge may have already peaked

Live Mint  

The latest round of the Survey of Professional Forecasters on Macroeconomic Indicators published by the Reserve Bank of India expects the Indian economy to grow by 6.9% in 2022-23 and by 6% in 2023-24. Nonetheless, we have a problem on the jobs front, with economic growth not creating enough of them for India’s youth. Industrial policy eyes forex pile for …

DC Edit | PM’s jobs drive much needed
2 years, 2 months ago

DC Edit | PM’s jobs drive much needed

Deccan Chronicle  

Set to take its first step towards the declared target of creating, notifying and recruiting mission youth in government jobs, the Narendra Modi government has given the unemployed and under-employed youth, and their families, the best possible Diwali gift. The first tranche of 75,000 virtual job offers to fill a plethora of current public job vacancies is much needed and …

At 75, India seeks way forward in big but job-scarce economy
2 years, 5 months ago

At 75, India seeks way forward in big but job-scarce economy

Associated Press  

NEW DELHI — As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and tablets. If I live like this, how will my children live any better?” Entire families leave their homes in India’s vast rural hinterlands to camp at such …

Unemployment crisis in India is an invisible epidemic
2 years, 5 months ago

Unemployment crisis in India is an invisible epidemic

The Hindu  

Published : Jul 24, 2022 18:00 IST Shalini Ghosh runs a fairly popular boutique chain selling ethnic garments and gift items from West Bengal. Going by the CMIE statistics, one State that has witnessed a high level of unemployment among graduates is Bihar, with 34.2 per cent of its graduate workforce without a job. Speaking to Frontline, Jawhar Sircar, a …

Looking beyond the joblessness number
2 years, 6 months ago

Looking beyond the joblessness number

Hindustan Times  

Unemployment rates are often looked at as the ultimate measure of a country’s ability to create employment. While they are indeed an important metric as far as the labour market is concerned, there is a need to look beyond the headline unemployment number, especially in the case of emerging market economies such as India. The 2020-21 PLFS report – it …

Will PM Modi's 'one million job' drive help ease the employment crisis?
2 years, 7 months ago

Will PM Modi's 'one million job' drive help ease the employment crisis?

Business Standard  

Battered by demonetisation, pandemic and subsequent lockdowns, the Indian economy has started showing some signs of revival now. And amid these hopeful and gloomy numbers, Prime Minister Narendra Modi on Tuesday announced to give central government jobs to 1 million people in the next year and a half. If we were to assume that state employment is four times that …

What forced PM Modi's jobs push now
2 years, 7 months ago

What forced PM Modi's jobs push now

India Today  

Prime Minister Narendra Modi has reviewed the status of human resources in all central government ministries and departments and ordered the recruitment of 10 lakh people in a mission mode in the next 18 months,” the PM's Office said in a tweet on Tuesday. — PMO India June 14, 2022 Tuesday’s tweet from the PMO follows protests by frustrated job …

Joblessness on the rise in India
2 years, 8 months ago

Joblessness on the rise in India

The Hindu  

After many years of refusing to recognise there is a jobs crisis in India, the government of India, faced with relentless data to the contrary, has now resorted to misinformation. As compared to the 8% per annum GDP growth in the period 2004-14, and 7.5 million new non-farm jobs created each year over 2005 to 2012, the number of new …

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report
2 years, 9 months ago

India’s GDP can grow to $40 trillion if working-age population gets employment: CII report

The Hindu  

India’s Gross Domestic Product can grow from the current $3 trillion to $9 trillion by 2030, and $40 trillion by 2047, if the country’s working-age population — which is expected to increase by over 100 million people between 2020-30, is productively employed, according to a report by the Confederation of Indian Industry. ‘Golden period’ “The golden period of 30 years …

The era of an unemployed India
2 years, 9 months ago

The era of an unemployed India

The Hindu  

Reports on and the visuals of the recent agitations by railway job applicants reveal a widespread problem of massive job insecurity among India’s youth. One such index is the downward pressure unleashed by the influx of overqualified youth aspiring for middle and lower rung government jobs, which, despite their modest pay, are highly coveted given the greater job security ascribed …

A hazy picture on employment in India
2 years, 11 months ago

A hazy picture on employment in India

The Hindu  

The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. Also, the unemployment rate in the female labour force in rural areas is far lower than the male labour force, whereas the opposite holds true in urban areas. This is despite the fact that the …

Data | Jobs increase in rural India in September
3 years, 3 months ago

Data | Jobs increase in rural India in September

The Hindu  

In India, 8.5 million new jobs were gained in September 2021, increasing the total employment to 406.2 mn from 397.8 mn in August, according to CMIE’s Consumer Pyramids Household Survey. There was a significant improvement in the quality of employment as salaried jobs increased in both rural and urban regions. Click to remove AMP mode High rural share As many …

Explained: Why India's economy needs a manufacturing push
3 years, 4 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

Even as economic recovery continues, India lost 5.5 lakh jobs in October
4 years, 2 months ago

Even as economic recovery continues, India lost 5.5 lakh jobs in October

Deccan Chronicle  

Chennai: Despite the economic recovery seen in October, the month has recorded a fall in employment for the first time since May, finds CMIE. However, the salaried class added close to 5 million jobs and businesses and farmers another five million, which led to a net job loss of 5.5 lakh, said Kruti Shah, economist, Emkay Global Financial Services. The …

India's jobless growth, coronavirus impact and rising unemployment
4 years, 4 months ago

India's jobless growth, coronavirus impact and rising unemployment

India Today  

When India’s growth was blooming in 2016-17, it earned the tag of the fastest-growing major economy in the world. READ | Welcome to Jobless Growth: Why India is facing an unemployment crisis They warned that the rate of jobless growth could severely impact India’s economy which depends heavily on the middle class population, engaged primarily in salaried jobs and entrepreneurship. …

India needs to create 90 million jobs by 2030 to avoid economic stagnation
4 years, 4 months ago

India needs to create 90 million jobs by 2030 to avoid economic stagnation

Deccan Chronicle  

Chennai: India’s GDP would have to grow by 8 to 8.5 per cent annually and the country would have to create jobs for 90 million workers by 2030. Over the decade to 2030, 60 million new workers are likely to enter the workforce as per current demographic trends, and an additional 30 million workers could move from farm work to …

Over 1.8 crore salaried jobs lost since April, nearly 50 lakh in July: CMIE
4 years, 4 months ago

Over 1.8 crore salaried jobs lost since April, nearly 50 lakh in July: CMIE

India Today  

Nearly 50 lakh salaried jobs were lost in India in July, according to latest data released by the Centre for Monitoring Indian Economy. According to CMIE’s latest report, more than 1.8 crore salaried employees lost their jobs after the pandemic forced businesses and firms to shutdown in India since April. While employment in informal sector and rural areas have seen …

India's economy unlikely to recover soon despite growing job numbers
4 years, 5 months ago

India's economy unlikely to recover soon despite growing job numbers

India Today  

India’s employment numbers are almost back at par with pre-lockdown levels after a sharp recovery in jobs since April. Mahesh Vyas, MD and CEO, CMIE, opined in a recent article that India’s job revival is worrisome because the key driver of the economy — salaried jobs — has not recovered yet at par with informal jobs. This is worrisome as …

For India’s formal job market, worst seems over, says staffing firm
4 years, 7 months ago

For India’s formal job market, worst seems over, says staffing firm

Live Mint  

India’s unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world’s biggest lockdown, says the head of a top staffing firm. “I can see the bend in the road, and the bounce back in hiring in sectors like financial services, health care, and last-mile logistics will be sharper.” The outlook from …

Misses in manufacturing
4 years, 10 months ago

Misses in manufacturing

The Hindu  

ONE of the highlights of the latest Economic Survey is its optimism that India will be able to create 40 million well-paid jobs in manufacturing by 2025. According to the recent Periodic Labour Force Survey, manufacturing employment in India in 2017-18 was only 60.2 million, which was 12.8 per cent of the country’s total workforce in that year. According to …

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