The Great Shift In Employment In India
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SELF-EMPLOYMENT in India has witnessed a substantial increase. According to CMIE’s Consumer Pyramids Household Survey, from 13% in FY17 the number of business persons climbed to nearly 20% by FY24. Of total employment at 423.6 million, 86.6 million were business persons in FY24. The composition, too, has changed significantly. In FY17, small traders and wage labourers dominated at 42.4%, but their share has now dropped below 30%. This shift indicates a dynamic change in India’s employment landscape, suggesting a move towards greater entrepreneurial activity and economic diversification.
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October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.