Centre questions Citigroup’s report on employment in India
8 months, 3 weeks 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 said that India will struggle to create sufficient employment opportunities even with a 7% growth rate and had asked the Centre to fill one million vacancies in various government posts. The Ministry, quoting PLFS and KLEMS data, said India has generated more than eight crore employment opportunities from 2017-18 to 2021-22. “The Ministry of Labour and Employment emphasises the credibility and comprehensiveness of official data, cautioning against the selective use of private data sources that can lead to misleading conclusions about India’s employment scenario,” it added.

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History of this topic

Can the budget unlock labour market potential?
1 month, 3 weeks ago

Can the budget unlock labour market potential?

Hindustan Times  

India’s labour market has made notable strides in recent years, bolstered by a strong post-pandemic recovery and increased formalisation of employment. One of the primary concerns is the stagnation of salaried employment, which suggests weaker demand for skilled labour or slower expansion in the industrial and service sectors, both essential for long-term economic growth. The substantial ₹38,000 crore allocation to …

Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth
1 month, 4 weeks ago

Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in …

Disproportionate growth in wage, corporate profit poses risk to economy by curbing demand: Economic Survey
1 month, 4 weeks ago

Disproportionate growth in wage, corporate profit poses risk to economy by curbing demand: Economic Survey

The Hindu  

Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. Economic Survey mentions that the growing participation of women in entrepreneurship can propel the country towards higher levels of development by tapping into their latent potential to …

Does the Economic Survey 2024-25 have unrealistic expectations?
1 month, 4 weeks ago

Does the Economic Survey 2024-25 have unrealistic expectations?

New Indian Express  

The Economic Survey 2024-25 is shorter than last year’s survey by forty-two pages and is missing a few important promises held out for us last time. Similarly, we have no reference to India’s rising ‘Global Value Chain Participation.’ We had an outline of growth vision and strategy for New India in the chapter on Medium-Term Outlook last year. “Harnessing the …

Employers expect cautious hiring in Mar qtr; 80 pc cos facing talent scarcity: Survey
Trending News
2 months, 1 week ago

Employers expect cautious hiring in Mar qtr; 80 pc cos facing talent scarcity: Survey

Live Mint  

New Delhi, Jan 23 Employers in India are expecting cautious hiring in the first quarter of 2025, as ongoing talent shortages are likely to continue to hinder recruitment efforts, according to a survey. Despite the highest hiring demand globally, 80 per cent of employers in India are struggling to find the right talent, a trend that has persisted since 2022 …

Hiding in labour data, a tale of economic distress
2 months, 1 week ago

Hiding in labour data, a tale of economic distress

Hindustan Times  

The recent statements by the Union labour minister Mansukh Mandaviya rightly suggest that the labour force participation rate is up and the unemployment rate is down based on data from the Periodic Labour Force Survey. Not just that, this tide of apparent job creation has managed to push the female labour force participation rate up since 2017-18, reversing the earlier …

Centre is covering up country’s declining job market: Congress president
2 months, 1 week ago

Centre is covering up country’s declining job market: Congress president

Hindustan Times  

New Delhi: The central government is covering up the reality of the declining job market in the country, Congress president Mallikarjun Kharge said on Friday while referring to a recent LinkedIn report. Congress president Mallikarjun Kharge said that the central government is “deceiving the nation” by counting just one hour of work per week as legitimate employment “At least 82% …

Global labour market recovery slow, India an exception: ILO report
2 months, 2 weeks ago

Global labour market recovery slow, India an exception: ILO report

The Hindu  

The global economy is slowing down, making it harder for labour markets to recover fully since the outbreak of the COVID 19 pandemic, according to the International Labour Organization’s report, World Employment and Social Outlook: Trends 2025, released in Geneva on Thursday. Pointing to the relatively high growth rates in Southern Asia, the ILO report said they are driven by …

Budget 2025: 7 ways government can boost employment
2 months, 3 weeks ago

Budget 2025: 7 ways government can boost employment

India Today  

With Budget 2025-26 set to be unveiled by Finance Minister Nirmala Sitharaman on February 1, the Confederation of Indian Industry has outlined a seven-point agenda to boost employment. NATIONAL EMPLOYMENT POLICY CII recommends a comprehensive National Employment Policy to integrate existing employment schemes from various ministries and states. DATA-DRIVEN EMPLOYMENT INSIGHTS To improve job creation strategies, CII suggests developing a …

CII Proposes Employment Boost in Union Budget 2024
Trending News
2 months, 3 weeks ago

CII Proposes Employment Boost in Union Budget 2024

Deccan Chronicle  

New Delhi: Leading industry body Confederation of Indian Industry on Sunday called for a host of measures to be included in the upcoming Union Budget announcements to boost job generation. It suggested a seven-point agenda that would create jobs, including an integrated National Employment Policy, policy support for employment generation, implementation of labour codes, and increased participation of women in …

Budget 2025 likely to focus on creating new job opportunities, CII gives this suggestion to government
2 months, 3 weeks ago

Budget 2025 likely to focus on creating new job opportunities, CII gives this suggestion to government

India TV News  

The Central government is trying to boost employment opportunities across the country through several initiatives aimed at creating new jobs. CII’s seven suggestions for employment generation In its suggestion, the industry body has proposed seven suggestions for utilising India’s demographic advantage. CII has also recommended that the government consider launching an internship program targeting rural areas, particularly in government offices, …

Modi govt created 5 times more employment than UPA regime: Labour minister
2 months, 3 weeks ago

Modi govt created 5 times more employment than UPA regime: Labour minister

Hindustan Times  

The Narendra Modi government has significantly boosted employment over the past decade, creating nearly five times more jobs than during the United Progressive Alliance era from 2004 to 2014, Union labour and employment minister Mansukh Mandaviya said. Union minister of labour and employment Mansukh Mandaviya cited data from the Reserve Bank of India and Employees' Provident Fund Organisation Mandaviya cited …

Stop inane and diversionary debates, and focus on what really matters
3 months, 1 week ago

Stop inane and diversionary debates, and focus on what really matters

New Indian Express  

I am neither an economist nor a financial expert, but I feel a perfect storm is brewing in the Indian economy. The worker-to-population ratio has declined from 38.6 per cent in 2011-12 to 37.3 per cent in a decade. Now, seeing that many fresh graduates, even from professional colleges, are starting their careers with salary packages that would have been …

IT sector to drive 15% growth in hiring in 2025, followed by retail
3 months, 1 week ago

IT sector to drive 15% growth in hiring in 2025, followed by retail

New Indian Express  

BENGALURU: With the expansion of Global Capability Centers and multi-cloud adoption, the IT sector will drive 15% growth in hiring in 2025, as per the latest data from jobs platform foundit. foundit said the telecom sector’s 11% forecasted growth is driven by advancements in AI, 5G, and IoT, with demand for skills in edge computing, SDN, NFV and cybersecurity. Anupama …

India job outlook 2025: How IT, energy, infra, logistics will drive hiring
3 months, 2 weeks ago

India job outlook 2025: How IT, energy, infra, logistics will drive hiring

India Today  

Employers in India are more optimistic about increased hiring next year compared to their global counterparts. According to the latest ManpowerGroup Employment Outlook report, which surveyed 3,000 employers, 53 per cent plan to hire while 13 per cent anticipate a reduction in staffing levels during Q1 2025. Sonal Arora, country manager of GI Group Holding, stated: “Overall, 2024 was a …

India will emerge global powerhouse for skilled talent by 2030
3 months, 2 weeks ago

India will emerge global powerhouse for skilled talent by 2030

Deccan Chronicle  

New Delhi: Wheebox ETS India Skills Report 2025, in collaboration with CII, Taggd, AICTE, and AIU, unveils a strategic vision for "Global Talent Mobility" underscores India’s pivotal role in addressing global workforce demand, skills required fueled by rising employability, an optimistic hiring intent, and a roadmap for 2030. With 65% of the Indian workforce under 35 years old, India’s youthful …

Centre plans monthly data on job creation, unemployment, say officials
3 months, 3 weeks ago

Centre plans monthly data on job creation, unemployment, say officials

Hindustan Times  

Official data on job creation and unemployment will be available every month, likely from April next year, as the government has approved a proposal to increase the frequency of the Periodic Labour Force Survey, the statistics ministry’s quarterly assessment of the labour market, two officials have said. Besides PLFS-based urban-jobs data on a three-monthly basis, the ministry currently also publishes …

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
3 months, 4 weeks 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 …

To generate jobs, India should consider a jobs-linked incentive scheme
4 months ago

To generate jobs, India should consider a jobs-linked incentive scheme

Live Mint  

Employees Provident Fund Organisation data shows that around 12-13 million formal jobs are added every year. The concept of having a stock of employees on the bench is outdated even in the information technology sector, where hiring now follows the tenet of ‘just in time.’ A policy response could be for the government to provide financial incentives to the private …

Little change in India’s unemployment rate in urban areas: PLFS data
4 months, 1 week 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
4 months, 1 week 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
5 months, 2 weeks 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
7 months, 1 week 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 …

Were eight crore new jobs created in three years?
7 months, 1 week 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 …

17 Crore Jobs Created in India Over The Last 10 Years: Centre
7 months, 3 weeks ago

17 Crore Jobs Created in India Over The Last 10 Years: Centre

ABP News  

New Delhi: Union Minister of State for Labour and Employment Shobha Karandlaje announced in the Lok Sabha that employment in India increased by around 17 crore over the past decade, as reported by news agency IANS. She also highlighted that the Periodic Labour Force Survey, conducted by the Ministry of Statistics and Programme Implementation since 2017-18, serves as the official …

Job Creation Seems Better Than Before but What About Quality and Sustainability?
7 months, 3 weeks 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 …

Centre likely to lodge complaint against International Labour Organisation’s India Employment Report
8 months ago

Centre likely to lodge complaint against International Labour Organisation’s India Employment Report

The Hindu  

India, a founding member of the International Labour Organization, is likely to raise a complaint against the UN agency over its India Employment Report 2024, released in March this year. A Union Labour Ministry official said the “model” ILO had used to assess the employment scenario in India was not suitable and India has its own assessment of the situation. …

Good start on job creation but more steps are needed
8 months 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 …

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas
8 months, 1 week 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
8 months, 1 week 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
8 months, 2 weeks 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 …

Labour ministry rebuts Citigroup's research report on employment in India
8 months, 3 weeks 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
8 months, 3 weeks 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
9 months, 3 weeks 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 …

What the labour report says about India’s youth
11 months, 2 weeks ago

What the labour report says about India’s youth

Hindustan Times  

Talking to women in rural India or young people in cities, one hears a constant lament about the lack of suitable paid work appropriate to their skills or training, which is also accessible, i.e., does not involve commuting for hours. The International Labour Organization -Institute of Human Development India Employment Report 2024 throws light on the complex nature of the …

Has the growth of India’s economy translated into domestic jobs?
11 months, 3 weeks 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
11 months, 3 weeks 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 …

Employment scenario in India grim, says ILO report
1 year 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 …

Median salaries for women rises 28% in 2024; 2.8 crore out of 7 crore applicants are female: Report
1 year, 1 month ago

Median salaries for women rises 28% in 2024; 2.8 crore out of 7 crore applicants are female: Report

Live Mint  

New Delhi, Dec 24 Women accounted for an impressive 2.8 crore job applications, out of a total of seven crore in 2024, marking a 20 per cent increase from 2023, revealed a new report. The total of seven crore job applications, which itself is a "25 per cent year-on-year surge", according to the report, is primarily driven by heightened workforce …

What job data says about the economy
1 year, 3 months 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 …

Hiring in India: 37% employers planning to increase staff strength by 2024 March
1 year, 3 months 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 week in 5 charts | Uttarkashi tunnel rescue, India’s GDP increases in Q2, Unemployment rate dips, and more
1 year, 3 months 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 …

Govt boosted employment in traditional as well as emerging sectors: PM Modi
1 year, 5 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. …

India's unemployment rate hits 6-year low at 3.2% in latest government data
1 year, 5 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, 6 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 …

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

What the PLFS numbers reveal
2 years, 1 month 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, 3 months 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 Inc. wants I-T cuts, focus on job creation, tax slabs
2 years, 4 months ago

India Inc. wants I-T cuts, focus on job creation, tax slabs

Deccan Chronicle  

NEW DELHI: Amidst the global uncertainty on economy, India Inc asked the government to focus on key issues such as job creation, rationalisation of the Goods and Services Tax, personal income tax slabs, investment, privatisation of public sector units and increasing allocation to capital expenditure among others, in its pre-Budget consultation with finance minister Nirmala Sitharaman on Monday. "…the government …

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