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Job Creation in Fiscal 2023-24
July 12 , 2024
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- India provisionally created 46.7 million jobs in the financial year ended March 2024, taking the country's total employment to 643.3 million.
- The country's employment growth rate stood at 6 per cent in that fiscal year.
- This was 3.2 per cent in the previous fiscal year.
- But, just 20.9 per cent of India's overall workforce earned regular wages in the form of salary, as of 2022-23.
- 7 per cent GDP growthwill only create 8 million to 9 million jobs in India, short of the 11 million to 12 million needed.
- An average of over 20 million employment opportunities per year were created between 2017-18 to 2021-22.
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