Centre questions Citigroup’s report on employment in India
5 months, 2 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

India job outlook 2025: How IT, energy, infra, logistics will drive hiring
1 week, 1 day 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 …

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
3 weeks, 1 day 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
3 weeks, 4 days 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
1 month 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 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
2 months, 1 week 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 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?
4 months 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
4 months, 2 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?
4 months, 2 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
4 months, 3 weeks 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
4 months, 3 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 …

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

Has the growth of India’s economy translated into domestic jobs?
8 months, 2 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
8 months, 2 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
8 months, 3 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
11 months, 3 weeks 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 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 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, 1 month 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, 2 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, 2 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, 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, …

What the PLFS numbers reveal
1 year, 9 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
1 year, 11 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, 1 month 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 …

India's Job Crisis Laid Bare By PLI Data: Govt Investment Must Create Employment
2 years, 1 month ago

India's Job Crisis Laid Bare By PLI Data: Govt Investment Must Create Employment

The Quint  

The willingness or the lack of it, of people to invest, using the incentives provided via public or the taxpayer’s money to businesses, comes off as not a healthy barometer of the Indian economy. Consider just the two sectors being pointed out as showing robust growth—pharmaceuticals as the first, here, while the amount of investment is 107% of the target …

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 …

India’s unemployment rate plunges to 7.6% in April-June 2022: NSO survey
2 years, 3 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, 4 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 …

Only 3 in 1000 Get Govt Jobs, Number of Jobs, Selected Candidates on a Decline
2 years, 4 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 …

Unemployment crisis in India is an invisible epidemic
2 years, 4 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 …

Employment rate increasing in July after steep fall in June: CMIE
2 years, 5 months ago

Employment rate increasing in July after steep fall in June: CMIE

Firstpost  

CMIE said India’s June 2022 labour statistics had been highly disappointing. Employment fell by 13 million from 404 million in May 2022 to 390 million in June 2022 Kolkata: After witnessing a steep fall in the employment rate in June 2022, economic think-tank Centre for Monitoring Indian Economy has estimated that the trend has been reversing in the current month. …

Create more jobs, revamp employment policy
2 years, 5 months ago

Create more jobs, revamp employment policy

The Hindu  

The Government of India has recently announced its plan to create 10 lakh government jobs in the next 18 months. The share of contract workers in total government employment has been increasing rapidly in recent years — from 11.11 lakh in 2017 to 13.25 lakh in 2020 and to 24.31 lakh in 2021. The urban programme should include: basic urban …

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 …

Waiting for jobs: The Hindu Editorial on the Narendra Modi government’s plan to recruit 10 lakh personnel in 18 months
2 years, 6 months ago

Waiting for jobs: The Hindu Editorial on the Narendra Modi government’s plan to recruit 10 lakh personnel in 18 months

The Hindu  

For a nation that has had a significant demographic dividend — the working age population is much larger than the non-working age sections — finding productive employment for its youth was to be an imperative for India. Yet, in the last few years, unemployment has remained a major concern — the leaked Periodic Labour Force Survey in 2018 revealed that …

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 …

TMSEp194: Job announcement, food delivery apps, markets, economy categories
2 years, 6 months ago

TMSEp194: Job announcement, food delivery apps, markets, economy categories

Business Standard  

Amid fears that India’s demographic dividend may turn into a demographic threat after years of high unemployment rates, Prime Minister Narendra Modi on Tuesday announced to recruit 10 lakh people in different Central government ministries and departments in the next 18 months. On Monday, it asked food business operators like Zomato and Swiggy to submit a proposal on improving their …

Joblessness on the rise in India
2 years, 7 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, 8 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, 8 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, 10 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 …

Budget 2022 | India Inc. seek Budget sops from govt. for creating jobs
2 years, 10 months ago

Budget 2022 | India Inc. seek Budget sops from govt. for creating jobs

The Hindu  

Ahead of the Union Budget 2022-23, Indian industry has urged the government to offer incentives for creating jobs, including special sops under the Production Linked Incentive schemes already announced. The plea assumes significance amid growing concerns about high unemployment levels in the country, even as a FICCI survey of manufacturing firms showed that 75% of firms don’t plan to hire …

Total employment in 9 select sectors rises to 3.10 cr in July-Sep 2021
2 years, 11 months ago

Total employment in 9 select sectors rises to 3.10 cr in July-Sep 2021

Hindustan Times  

Total employment generated by nine select sectors stood at 3.10 crore in the July-September 2021 quarter, which is 2 lakh more than that of the April-June period, according to a quarterly employment survey by the labour ministry released on Monday. The quarterly employment survey report released by Union Labour Minister Bhupender Yadav said that total employment numbers in the nine …

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