In 2023, India saw elevated unemployment rates, affecting both rural and urban areas. Historically, from 2017 to 2022, excluding the pandemic year of 2020, the unemployment rate remained below 8%. However, in 2023, it consistently exceeded this threshold, averaging 8.1%. Monthly rates, previously hovering between 7-8%, have recently shifted to the 8-9% range, indicating a new norm for India’s job market. Notably, urban unemployment rose from 8.5% in October to 9.3% in November, and further to 10.1% in December, matching levels seen a year ago.
Long Reads
Growing Job Blues
Notably, urban unemployment rose from 8.5% in October to 9.3% in November, and further to 10.1% in December, matching levels seen a year ago.
Stories
It’s Still Heavy Lifting By The Exchequer!
The investment rate, or the proportion of GFCF in GDP, leaped to 32.4% in the December quarter, up from 31.8% in the same quarter the previous year.
What Employers Do To Stay On Top
IT companies and banks feature among largest employers in the country. Here’s the lowdown on what India Inc.’s big boys are doing to keep employees engaged.
The Conversation: Vijay Govindarajan, Coxe Distinguished Professor, Tuck School Of Business, Dartmouth College
How the business strategy has moved from traditional models of product-based advantages to more innovative approaches that blend physical and digital assets to solve customer problems.
The Brief: The Rise Of Micro Credit NBFCs
Non-bank micro credit lenders have widened their lead over banks with 39% market share.
ACT Builds Up Talent Pool For Growth
Employees undergo training to fill skill gap to navigate the future.
Axis HR Playbook: Banking On Inclusivity
Ensuring inclusion, diversity and career progression is how the country’s third-largest private bank is harnessing its talent pool.
Leave a Comment
Your email address will not be published. Required field are marked*