The enormity of job challenge that India faces
6 years, 2 months ago

The enormity of job challenge that India faces

Live Mint  

While there is no clarity on the extent of jobs created in the economy since 2011-12, there is no disagreement that the economy has failed to create enough jobs. The unrest among farmers driven by declining incomes is also a manifestation of the problem of employment in a country with almost half of the total workforce working in agriculture. The most conservative estimate is the sum of 10-12 million young entrants to the workforce every year along with 7-8 million workers moving out of agriculture every year. The last robust estimate of the number of workers moving out of agriculture every year is 7 million per year, based on the Employment-Unemployment Surveys of the National Sample Survey Office of 2004-05 and 2011-12. But a more liberal estimate would also include a large majority of workers in agriculture who continue to remain in agriculture, but are forced to seek out jobs in the non-farm sector to supplement incomes.

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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, 16 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. …

Private sector must shoulder challenge of creating jobs
1 month, 2 weeks ago

Private sector must shoulder challenge of creating jobs

New Indian Express  

There is good news for an economy in which job growth has been crawling. Indian companies are likely to see a 7.1 percent expansion in their workforce during the half-year period between October 2024 and March 2025, according to data released by staffing firm TeamLease. The report, based on a survey of 1,300 companies, states that 59 percent of employers …

Shift in ground in the Indian labour market
1 month, 3 weeks ago

Shift in ground in the Indian labour market

Hindustan Times  

India’s unemployment rate has been falling for a long time now. The urban unemployment rate fell to its lowest ever level of 6.4% in this quarter despite a rise in the labour force participation rate. Is the Indian labour market finally turning a corner not just in quantitative but also qualitative terms? The latest PLFS report gives us the first …

Little change in India’s unemployment rate in urban areas: PLFS data
1 month, 3 weeks ago

Little change in India’s unemployment rate in urban areas: PLFS data

Hindustan Times  

India’s unemployment rate in urban areas during July-Sept 2024 stood at 6.4%, compared to 6.6% in the same period last year, according to the government’s quarterly periodic labour force survey released on Monday. According to the government’s Economic Survey 2023-24, India needs to create 7.85 million non-farm jobs every year until 2030 to absorb its growing labour force. The labour …

Urban labour market shows improvement as unemployment declines in September quarter
1 month, 3 weeks ago

Urban labour market shows improvement as unemployment declines in September quarter

Live Mint  

India's urban labour market demonstrated steady gains in July-September, with rising workforce participation and a slight dip in unemployment, according to recent data. Urban unemployment rate, a key indicator of joblessness, fell to 6.4% in July-September, down from 6.6% a year prior, as per data from the Ministry of Statistics & Programme Implementation on Monday. The Labour Force Participation Rate …

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 …

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 …

FY24 unemployment rate unchanged at 3.2%
3 months, 3 weeks ago

FY24 unemployment rate unchanged at 3.2%

Hindustan Times  

India’s annual unemployment rate remained unchanged at 3.2% in 2023-24, mirroring the previous year’s figure, despite an increase in the number of people working or looking for a job, according to the latest annual Periodic Labour Force Survey report released on Monday. FY24 unemployment rate unchanged at 3.2% {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This marks the first time the headline unemployment …

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 …

Lack of industries in Bihar push youth to vie for government jobs
4 months, 3 weeks ago

Lack of industries in Bihar push youth to vie for government jobs

The Hindu  

“Karo to sarkari naukari, nahi to becho tarkari”, says Ranjeet Kumar, an unemployed youth, who, along with two female companions, spend three hours at a community park in Rajendra Nagar in Patna every evening to prepare for government jobs. “Here in the park, there is a peaceful atmosphere to hold group discussions, which help us prepare better for the 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 …

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 …

Economic Survey 2023-24: Economy needs to generate nearly 78.51 lakh jobs annually in the non-farm sector
5 months, 3 weeks ago

Economic Survey 2023-24: Economy needs to generate nearly 78.51 lakh jobs annually in the non-farm sector

The Hindu  

India's workforce is nearly 56.5 crore, with more than 45% employed in agriculture, 11.4% in manufacturing, 28.9% in services, and 13.0% in construction, highlights the Economic Survey 2023-24 released by the finance ministry on July 22. It stated, “The female labour force participation rate has been rising for six years, from 23.3% in 2017-18 to 37% in 2022-23, driven mainly …

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 …

Revive India’s unorganized sector to raise incomes and tackle unemployment
6 months ago

Revive India’s unorganized sector to raise incomes and tackle unemployment

Live Mint  

The release of the Annual Survey of Unincorporated Sector Enterprises by the National Statistical Office fills an important data gap in our understanding of what is happening in the unorganized sector. The net impact of this is that the total number of workers in the unorganized sector has fallen from 111.3 million in 2015-16 to 110 million in 2022-23. While …

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 …

Economic Survey 2024: 7.85 million non-farm jobs needed annually till 2030; over 7% fall in unemployment rate
6 months, 1 week ago

Economic Survey 2024: 7.85 million non-farm jobs needed annually till 2030; over 7% fall in unemployment rate

Hindustan Times  

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, according to the Economic Survey for 2023-24. The rising employment of flexi workers through staffing companies can be a channel for ensuring social security for informal workers, it stated. "Consequently, the Indian economy needs …

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 …

From the India Today archives (2022) | Why the Indian job scene is such a mess
7 months, 1 week ago

From the India Today archives (2022) | Why the Indian job scene is such a mess

India Today  

The word rises like a dirge from all sides, painting the air in hues of what seems like a permanent lament. THE HUNGER Five years ago, India’s unemployment rate stood at a 45-year-high of 6.1 per cent, according to the NSSO’s periodic labour force survey. It even claims there was a 46 per cent decline—from 51 million in 2016-17 to …

Job creation, skill training should be new govt’s top priorities
7 months, 1 week ago

Job creation, skill training should be new govt’s top priorities

New Indian Express  

Joblessness and inflation were the key concerns of the electorate at the 2024 parliamentary elections. The latest Periodic Labour Force Survey, with numbers for the January-March 2024 quarter, shows unemployment—especially youth unemployment—and underemployment are indeed very high in a country where the labour force participation rate is just about 50 per cent. The PLFS shows that the unemployment rate in …

India’s over 400 million informal labour market requires a structural shift: ISF
7 months, 3 weeks ago

India’s over 400 million informal labour market requires a structural shift: ISF

The Hindu  

India with almost 85% informal labour, generating more than half of the country’s GDP, requires a structural shift towards structured and formal employment, said The Indian Staffing Federation, the apex body representing the country’s contract staffing industry, Suchita Dutta, Executive Director, Indian Staffing Federation observed, ‘‘The plight of lower-income and semi-skilled workers underscores the pressing need for concerted action. In …

India’s silent youth crisis: College-educated but poorer than a farm hand
8 months ago

India’s silent youth crisis: College-educated but poorer than a farm hand

Al Jazeera  

Two-thirds of India’s unemployed youth are educated — a fraction which has doubled since 2000. “My friends keep mocking me, saying even uneducated workers at corner shops earn more than I do,” Sawale says. “They are educated but have to toil just like we do.” A degree in vain Nearly 100km away, in Ralegaon town, this reality defines 27-year-old Sidhant …

‘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 …

Has the growth of India’s economy translated into domestic jobs?
9 months ago

Has the growth of India’s economy translated into domestic jobs?

Live Mint  

Recently, two international organizations published their assessment of India’s labour market and employment situation. Over the 42 years between 1980-81 and 2021-22, non-farm employment in India grew at a compounded average annual growth rate of 3.16%. As stated in its report, the concern of the World Bank is that the employment ratio in South Asian economies, including India, has declined …

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 …

Can India Ensure Living Wages at a Time When Workers Struggle for Minimum Wage?
9 months, 2 weeks ago

Can India Ensure Living Wages at a Time When Workers Struggle for Minimum Wage?

The Quint  

Recruitment happened through middlemen, the pay was based on piecework, and most workers preferred daily wages to avoid deductions for benefits from their already meagre income of Rs 300. Even though company hostels provided them with shelter, migrant workers were still classified as daily wage earners, receiving no benefits. Although these workers perform industrial work, qualifying them as organised sector …

Employment scenario in India grim, says ILO report
9 months, 2 weeks ago

Employment scenario in India grim, says ILO report

The Hindu  

India’s youth account for almost 83% of the unemployed workforce and the share of youngsters with secondary or higher education in the total unemployed youth has almost doubled from 35.2% in 2000 to 65.7% in 2022, as per the India Employment Report 2024 released by the International Labour Organisation and the Institute of Human Development here on Tuesday. Paradoxical improvements …

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 …

The big threat to India’s demographic dividend
1 year, 1 month ago

The big threat to India’s demographic dividend

Live Mint  

Bengaluru: In a short press release, dated 13 October, the Ministry of Women and Child Development announced that the Female Labour Force Participation Rate for 2022-23 had improved significantly over the previous year by 4.2 percentage points to 37%. Non-obvious insights View Full Image One of the most under-reported trends is that agriculture, which is the least productive undertaking, is …

The week in 5 charts | Uttarkashi tunnel rescue, India’s GDP increases in Q2, Unemployment rate dips, and more
1 year, 1 month ago

The week in 5 charts | Uttarkashi tunnel rescue, India’s GDP increases in Q2, Unemployment rate dips, and more

The Hindu  

After 17-days, trapped workers rescued from the Uttarkashi tunnel On November 12, when portions of the Silkyara-Dandalgaon under-construction tunnel on the Brahmkhal-Yamunotri highway collapsed, 41 workers were trapped with no way out. GDP surges 7.6% in Q2, goes past RBI forecast India’s Gross Domestic Product grew at a higher-than-expected 7.6% in the July to September 2023 quarter, as per initial …

India's unemployment rate hits 6-year low at 3.2% in latest government data
1 year, 3 months ago

India's unemployment rate hits 6-year low at 3.2% in latest government data

India TV News  

India's unemployment rate for individuals aged 15 and above has reached its lowest point in six years, registering at 3.2% during the period from July 2022 to June 2023, according to the Periodic Labour Force Survey Annual Report 2022-2023 released by the National Sample Survey Office. Rise in labour force participation The Labour Force Participation Rate in usual status for …

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 …

Unemployment rate dips in India
1 year, 5 months ago

Unemployment rate dips in India

Deccan Chronicle  

New Delhi: India’s overall unemployment rate fell in July as rural areas saw increased demand for agriculture labour with the onset of monsoon rains. Rural unemployment rate fell to 7.89%, from 8.73% in June, while urban unemployment rate ticked up, to 8.06% from 7.87% in the same period. While the agriculture sector saw activity with improved rains, demand for labour …

India Generates 1.25 Crore Jobs Over 9 Years; Labour Minister Bhupinder Yadav Reacts
1 year, 6 months ago

India Generates 1.25 Crore Jobs Over 9 Years; Labour Minister Bhupinder Yadav Reacts

News 18  

During a recent press conference, Union Labor and Employment Minister Bhupinder Yadav showcased the significant expansion of employment opportunities in India over the last nine years. He revealed that an impressive 1.25 crore new jobs have been generated since 2014, citing data from institution-based labour surveys conducted by the ministry. The minister also highlighted the substantial increase in registered subscribers, …

Jobs for the young must be a key policy priority
1 year, 7 months ago

Jobs for the young must be a key policy priority

Hindustan Times  

Economic data published this week turned my attention to economics, economies, and the numbers or statistics that make up the raw material that economists study. But he found that mathematical calculations very often produced wrong results, so preferring to be, as he put it, roughly right rather than absolutely wrong, he joined the World Bank, There, he held senior positions …

What the PLFS numbers reveal
1 year, 10 months ago

What the PLFS numbers reveal

Hindustan Times  

Headline numbers from the 2022 Periodic Labour Force Survey released last week are a shot in the arm for the Bharatiya Janata Party and its narrative of effective governance, and will likely form a key prong of its re-election plank in the 2024 Lok Sabha polls. One, the annual unemployment rate in 2021-22 of 4.1% was the lowest since the …

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 …

Our love of government jobs isn’t good for the economy
2 years, 2 months ago

Our love of government jobs isn’t good for the economy

Live Mint  

Last week, pictures and videos of youth travelling through the north Indian state of Uttar Pradesh to write the exam for the Uttar Pradesh Preliminary Eligibility Test went viral. The report pointed out: “According to the study the total emoluments of a General Helper, who is the lowest ranked employee in the government is ₹22,579, more than two times the …

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 …

Poverty, unemployment are demons in today’s world: RSS
2 years, 3 months ago

Poverty, unemployment are demons in today’s world: RSS

The Hindu  

Poverty and unemployment are demons in today’s world, said general secretary of Rashtriya Swayamsevak Sangh Dattatreya Hosabale on Sunday. Unemployment rate is also very distressing as the current rate is 7.6%,” said Mr. Hosabale who also quoted a United Nations Human Development Index report. Livelihood is also a big problem as per the UN report which also stated that conflicts …

Joblessness below pre-COVID levels: Finance Ministry
2 years, 3 months ago

Joblessness below pre-COVID levels: Finance Ministry

The Hindu  

Demand for work under the national rural employment guarantee scheme hit a two-year low in August, signalling that the recovering economy is creating more jobs in rural as well as urban India, the Union Finance Ministry said on Saturday. India’s inflation, the Ministry said, is “in control” and expected to moderate in coming months from the 7% mark in August …

India’s unemployment rate plunges to 7.6% in April-June 2022: NSO survey
2 years, 4 months ago

India’s unemployment rate plunges to 7.6% in April-June 2022: NSO survey

Live Mint  

The unemployment rate in India for people aged 15 years and above in urban areas declined to 7.6 per cent during April-June 2022 from 12.6 per cent a year ago, the National Statistical Office said on 31 August. In January-March 2022, the unemployment rate in India for persons aged 15 years and above was 8.2 per cent in urban areas, …

Youth employment deteriorated in India: ILO report
2 years, 5 months ago

Youth employment deteriorated in India: ILO report

The Hindu  

India experienced severe working-hour and employment losses in 2020 and 2021, and Indian youth employment deteriorated in 2021 compared to 2020, according to the Global Employment Trends for Youth 2022 report released by the International Labour Organisation on Thursday. In India, the report said surveys conducted by the Centre for Monitoring the Indian Economy show that the youth employment participation …

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