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Govt rebuts Citigroup's claim that India will fail to plug jobs gap with 7% growth
The ministry says it strongly rebuts such reports which do not analyse all official data sources available in the public domain.
The ministry says it strongly rebuts such reports which do not analyse all official data sources available in the public domain.
The most conservative hiring expectations were recorded in Hong Kong (8%) and Japan (12%).
The overall hiring index experienced a rise from 276 in March 2024 to 300 in April 2024, marking a 9% increase from the previous year.
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.
Fortune India formed a panel of the country's leading economists, CEOs, industrialists and experts to understand what the Interim Budget offers.
In November, approximately 7.86 lakh new members were added to the EPFO, witnessing a 10% month-on-month decline as against 8.16 lakh new members in October, the data reveals.
The IMF chief says the net effect of artificial intelligence is difficult to foresee, as the technology will ripple through economies in complex ways.
Consumer and retail companies are expected to see a resurgence in Q4 FY24 from muted demand in semi-urban and rural areas in the festive season, says TeamLease.
The report further highlights that in 2023, blue-collar employers looked for GenZ talent, while white-collar sought millennial candidates.
Both Indian men and women expect their salary to rise at the same rate of 8%, reflecting that gender pay equality is coming close to becoming an achievable reality in the Indian workforce.