Agenda for new government: Creating jobs
5 years, 7 months ago

Agenda for new government: Creating jobs

India Today  

Irrespective of the political party or formation assuming power in New Delhi after the May 23 result, the biggest challenge for the new government would be to generate adequate employment opportunities - to take care of about 12.8 million new entrants to the workforce every year and those migrating out of agriculture to non-farm sectors. Though no official data is available, the leaked report of the National Sample Survey Office's periodic labour force survey of 2017-18 showed that unemployment rate has risen to a 45-year high of 6.1 per cent. RECOGNISING THE CHALLENGES The NSSO's PLFS report throws up a few things clearly: open unemployment rate has risen dramatically, from 2.2 per cent in 2011-12 to 6.1 per cent in 2017-18; workforce has shrunk by 47 million during the period and that labour force participation rate has come down from 55.9 per cent to 49.5 per cent - that is more than half the working-age people are out of the job market because there are no jobs. Since the 1990s and particularly in 2000s, GDP growth accelerated to 7 per cent but employment growth slowed down to one per cent or less. In such a situation, any economist would suggest that the government expenditure - which has also fallen from 1.9 per cent of GDP in 2016-17 to 1.7 per cent in 2018-19 - needs to go up to improve economic activity, create demand in the economy and attract private investment further down the line.

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History of this topic

India should create 8 mn jobs yearly to become advanced economy: OECD
1 week ago

India should create 8 mn jobs yearly to become advanced economy: OECD

Deccan Chronicle  

Chennai: India will have to overcome labour market challenges, including creation of 8 million non-farm jobs every year and sustain strong per capita growth to achieve its target of becoming an advanced economy by 2047, finds OECD. “India aims to reach 'advanced economy status' by 2047, which requires sustaining strong per capita growth,” it said. Labour market challenges include the …

PM Modi govt created 17.19 crore jobs in 10 years compared to UPA’s 2.9 crore: Mansukh Mandaviya
1 week, 6 days ago

PM Modi govt created 17.19 crore jobs in 10 years compared to UPA’s 2.9 crore: Mansukh Mandaviya

Live Mint  

The employment in the country has increased by 36 per cent to 64.33 crore in 2023-24 from 47.15 crore in 2014-15, showing improvement in job creation during NDA period, PTI quoted Union Labour Minister Mansukh Mandaviya as saying on Thursday. Comparing the data with Congress-led regime between 2004-2014, the minister while speaking to the media said that the employment in …

‘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 …

2014-2024 has seen jobloss growth: Congress questions govt’s job creation claims
3 months, 2 weeks ago

2014-2024 has seen jobloss growth: Congress questions govt’s job creation claims

Hindustan Times  

The Congress on Monday questioned the government’s claims on job creation data, adding that no spin doctoring can take away from the fact that 2014-2024 has seen “jobloss” growth. Quoting the content of the report, Congress claimed that the current ruling dispensation equated the unpaid household to the work done by women as “employment” which is not a new job …

Were eight crore new jobs created in three years?
4 months, 3 weeks ago

Were eight crore new jobs created in three years?

The Hindu  

Employment, or the lack of it, has been a major issue of debate among economists and policy makers in India in recent years. Tailing this claim, the research team of the State Bank of India published a validating report that claimed a match between the total number of workers in the India-KLEMS database and in the NSSO’s Annual Survey of …

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 …

India’s Modi focuses on jobs creation in first budget after winning polls
5 months, 3 weeks ago

India’s Modi focuses on jobs creation in first budget after winning polls

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power. Modi said the budget will lead India toward “better growth and a bright future.” “Today’s budget will act as a …

NDA’s job-growth focus in Budget, and beyond
5 months, 3 weeks ago

NDA’s job-growth focus in Budget, and beyond

Hindustan Times  

The National Democratic Alliance government under Prime Minister Narendra Modi presenting its 11th consecutive full Budget would be an opportune moment to analyse the role of the Budget in addressing the aspirations of the youth by creating an enabling framework for job creation and fostering an environment for employment opportunities. New Delhi, India - The government has partnered the private …

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 …

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 …

Economic Survey 2024 key highlights: FY25 growth forecast, inflation outlook and more
5 months, 3 weeks ago

Economic Survey 2024 key highlights: FY25 growth forecast, inflation outlook and more

India Today  

Finance Minister Nirmala Sitharman on Monday tabled the Economic Survey 2023-24, which highlighted that the Indian economy is “on a strong wicket and stable footing”. Here are some of the key takeaways from the Economic Survey 2023-24: Indian economy on 'strong wicket' The Economic Survey highlighted that the economy is growing strongly, demonstrating resilience despite challenges. Inflation under control, private …

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 …

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 …

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling
7 months ago

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Al Jazeera  

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Despite strong headline economic growth, nearly half of India’s population is still employed in the relatively unproductive agricultural sector – a share that rose during Modi’s second term, from 42.5 percent in 2018-19 to 45.8 …

Government choices and policies have taken India's economy to new height: PM Modi
1 year, 1 month ago

Government choices and policies have taken India's economy to new height: PM Modi

Firstpost  

Modi said that their biggest priority should be people’s ease of living, and took a swipe at past governments saying they ignored the equality envisaged by B R Ambedkar, the key figure behind the Constitution, among all citizens Prime Minister Narendra Modi on Thursday said his government’s policies and decisions have taken the economy to a new height, creating immense …

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. …

DC Edit | Modi's job creation thrust on war footing welcome
1 year, 4 months ago

DC Edit | Modi's job creation thrust on war footing welcome

Deccan Chronicle  

In one single day, yet again, the Prime Minister unleashed a plethora of job offers, providing direct appointment letters to 51,000 youth across the country, this time filling vacancies in paramilitary positions, terming the new recruits Amrit Rakshaks for a posse of responsibilities that they would be handling. In his address to the successfully recruited candidates, Prime Minister Narendra Modi …

Only 3 in 1000 Get Govt Jobs, Number of Jobs, Selected Candidates on a Decline
2 years, 5 months ago

Only 3 in 1000 Get Govt Jobs, Number of Jobs, Selected Candidates on a Decline

News 18  

Getting a government job is tough and it’s getting tougher by the year. Year Selected Candidates 2014-15 1,30,423 2015-16 1,11,807 2016-17 1,01,333 2017-18 76,147 2018-19 38,100 2019-20 1,47,096 2020-21 78,555 2021-22 38,850 Total 7,22,311 Year No of Applicants 2014-15 2,32,22,083 2015-16 2,95,51,844 2016-17 2,28,99,612 2017-18 3,94,76,878 2018-19 5,09,36,479 2019-20 1,78,39,752 2020-21 1,80,01,469 2021-22 1,86,71,121 Total 22,05,99,238 Blaming the ruling BJP …

At the centre of job creation
2 years, 6 months ago

At the centre of job creation

The Hindu  

With his announcement that 10 lakh government jobs will be provided over the next 18 months on a “mission mode”, Prime Minister Narendra Modi sent four messages. The NDA government is at present relying on the Employees’ Provident Fund Organisation/National Pension System/Employees’ State Insurance Scheme registrations and exits as indicators of the formal labour market. Role of private sector Even …

Congress focusses on jobs as the key driver for economic growth
2 years, 7 months ago

Congress focusses on jobs as the key driver for economic growth

The Hindu  

An urban employment guarantee Act on the lines of Mahatma Gandhi National Rural Employment Guarantee Act ; an allowance for home-makers; an education allowance for children completing school on a need-cum-merit basis; a complete fee waiver for applicants to government jobs; a law to regulate employment of domestic help; and free legal aid to working/self-employed women could be some of …

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 …

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 …

Economic Survey 2019-20 highlights: GDP growth to rebound in FY21, share of formal employment rises; 2.62 cr new jobs created
4 years, 11 months ago

Economic Survey 2019-20 highlights: GDP growth to rebound in FY21, share of formal employment rises; 2.62 cr new jobs created

Firstpost  

India’s economic growth is expected to “strongly rebound” to 6-6.5 percent in 2020-21 from 5 percent estimated in the current fiscal, the Economic Survey said on Friday, adding that the government with a strong mandate has the capacity to expedite reforms India’s economic growth is expected to “strongly rebound” to 6-6.5 percent in 2020-21 from 5 percent estimated in the …

Union Budget 2020-21: Corporate India pitches for job creation, higher infra spending, policies for agricultural sector
5 years ago

Union Budget 2020-21: Corporate India pitches for job creation, higher infra spending, policies for agricultural sector

Firstpost  

Corporate leaders on Monday sought initiatives to support job creation besides enhanced spending on infrastructure and policies for the agricultural sector as part of their Budget wishlist New Delhi: Corporate leaders on Monday sought initiatives to support job creation besides enhanced spending on infrastructure and policies for the agricultural sector as part of their Budget wishlist. While participating in a …

Challenge of ’growth with jobs’ biggest poll issue: Amitabh Kant
5 years, 9 months ago

Challenge of ’growth with jobs’ biggest poll issue: Amitabh Kant

Live Mint  

Ensuring growth with jobs is the biggest challenge for the country as it heads into the general elections, NITI Aayog chief executive Amitabh Kant said Wednesday. The travel, tourism and hospitality sector has the best answer to this challenge as it creates quality jobs, Kant said, announcing that the government plans to introduce 100 new tourism-centric trains after the elections. …

Opinion | The ‘observer’s paradox’ and India’s jobs data confusion
5 years, 9 months ago

Opinion | The ‘observer’s paradox’ and India’s jobs data confusion

Live Mint  

It’s election season and claims and counter-claims are flying thick and fast. “Our own internal analysis showed that we are creating around 7.8 million jobs,” said NITI Aayog chief executive officer Amitabh Kant. “Conventional estimates suggested that there are 12 million entrants per year and the country needs roughly around seven million jobs.” Then we have non-government economists. Using Employee …

Centre's 70 lakh-jobs claim seems dubious, says P Chidambaram
5 years, 10 months ago

Centre's 70 lakh-jobs claim seems dubious, says P Chidambaram

Deccan Chronicle  

Hyderabad: Former finance minister P. Chidambaram on Tuesday asked how many jobs the Centre had created, what kind of jobs and where they had been created. “The claim of 70 lakh jobs created is viewed sceptically as there is a decline in growth over the last four years. Does this mean that the lower the growth more the number of …

Dev 360: On the jobs front, all is still not well
5 years, 11 months ago

Dev 360: On the jobs front, all is still not well

Deccan Chronicle  

"How’s the josh?” Prime Minister Narendra Modi asked the film fraternity while inaugurating the National Museum of Indian Cinema in Mumbai recently. The government insists that all is well on the jobs front in Mr Modi’s “New India”. However, “since the 1990s, and particularly in the 2000s, GDP growth has accelerated to seven per cent but employment growth has slowed …

Opinion | Transformation through tech can drive jobs growth
5 years, 11 months ago

Opinion | Transformation through tech can drive jobs growth

Live Mint  

The potentially slowing rate of global growth and India’s continuing growth trajectory present both opportunities and challenges. Mainstreaming the application of technologies to all industries whether it is restaurants, hotels, heavy engineering, handlooms and handicrafts or logistics and transportation for things as basic as automating invoicing and payments to complex tasks like inventory control and management can not only help …

India 2019: Govt should propel growth in infra, renewable energy sector to ease unemployment pain
6 years ago

India 2019: Govt should propel growth in infra, renewable energy sector to ease unemployment pain

Firstpost  

India could focus on encouraging investments from China which has shown a huge investment appetite in the country – disregardful of the arbitration imbroglio or other irritants It is ironic that one should be wishing each other a Happy New Year, when most economists are agreed that 2019 could be a very turbulent year. When the late Hermann Scheer, then …

What company reports tell us about job creation
6 years, 1 month ago

What company reports tell us about job creation

Live Mint  

Mumbai/New Delhi: As the 2019 election approaches and the debate on job creation intensifies, it is worth asking how India has fared in terms of job growth since the Narendra Modi-led National Democratic Alliance swept to power in 2014. While credible data on overall job creation in the economy over the past four years is not available, jobs data reported …

Has economic growth in India been jobless?
6 years, 1 month ago

Has economic growth in India been jobless?

Live Mint  

New Delhi: With the election season upon us, the discourse has already shifted to jobs. According to the World Bank, this is both an unfair and fair criticism: Economic growth has created jobs but just not enough or of the right quality. In a report published earlier this year, as part of its South Asia Economic Focus series, the World …

The GDP fudge
6 years, 3 months ago

The GDP fudge

The Hindu  

WHEN the figures for economic growth in the first quarter of the current year were released, there was much celebration within the Narendra Modi government and among its acolytes. The first quarter GDP growth estimate for 2017-18 was 5.7 per cent, but the economy managed a far more respectable growth rate of 6.7 per cent in the full year despite …

Did the Indian economy create nearly 13 million jobs in 2017?
6 years, 4 months ago

Did the Indian economy create nearly 13 million jobs in 2017?

Hindustan Times  

In a study prepared as a background report for the Prime Minister’s Economic Advisory Council, economists Surjit Bhalla and Tirthatanmoy Das have claimed that the Indian economy created around 12.8 million jobs in 2017. The authors also claim that net job creation between 2013 and 2017 in India was 22.1 million, which is much better than the creation of 11 …

Opinion | India needs better jobs, not just more of them
6 years, 4 months ago

Opinion | India needs better jobs, not just more of them

Live Mint  

It is an essential input for economic development, creating new markets, new industries and productivity-enhancing innovation. It is also a political economy headache, narrowing the space for policy manoeuvring and creating political incentives for counterproductive palliative measures—think subsidies, rigid labour laws and quota creep. Second, India’s employment elasticity—the percentage change in employment associated with one percentage point change in economic …

India’s world-beating growth not enough to end deep jobs drought
6 years, 4 months ago

India’s world-beating growth not enough to end deep jobs drought

Live Mint  

Mumbai/New Delhi: The world’s fastest growing major economy isn’t growing nearly fast enough. Yet analysts generally agree that more needs to be done to open up the economy, attract foreign capital and generate the kind of wealth and business opportunities that has broadened the middle class in China, whose $12.2 trillion economy is more than four times as big as …

Opinion | Jobs growth claims in India: a fact check
6 years, 4 months ago

Opinion | Jobs growth claims in India: a fact check

Live Mint  

Surjit Bhalla and Tirtha Das’ background paper, titled All You Wanted To Know About Jobs In India, But Were Afraid To Ask, is now available on the Prime Minister’s Economic Advisory Council website —a welcome initiative. It claims: “While there are no official employment surveys post 2015.there are several individual pieces of data suggesting a healthy growth in employment in …

'If economy is growing, how can job market not expand?', PM Modi rebuts Opposition allegations on unemployment
6 years, 5 months ago

'If economy is growing, how can job market not expand?', PM Modi rebuts Opposition allegations on unemployment

India TV News  

Prime Minister Narendra Modi rebuted the Opposition's allegations on lack of job growth, saying India is among the major economies of the world. In an exclusive interview to ANI, Prime Minister Modi said, "When economy is growing at a faster pace, in fact fastest among the major economies, how will the jobs market not expand?" Citing his speech in the …

Pulled economy out of morass, 'jobless growth' an opposition construct: Modi
6 years, 6 months ago

Pulled economy out of morass, 'jobless growth' an opposition construct: Modi

The Quint  

New Delhi, July 2 The NDA government in 2014 had got the economy in a much worse condition than expected, so much so that making its details public would have been widely damaging for the country, Prime Minister Narendra Modi has said, stressing that his government worked hard to bring the economy back on track bit by bit. On the …

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