![Will Budget 2024 spur consumption?](https://images.assettype.com/fortuneindia%2F2024-07%2Fbdd7571c-720b-42cd-a5ea-30bf89567be8%2F020A2779.jpg?rect=0,596,5168,2584&w=300&q=95)
Will Budget 2024 spur consumption?
With demand dipping consistently for the past few quarters the economy needed a booster dose.
With demand dipping consistently for the past few quarters the economy needed a booster dose.
To create these many jobs, there is a need to create the conditions for faster growth of productive jobs outside of agriculture, especially in organised manufacturing and services.
Private sector has to receive the baton from public sector and sustain the investment momentum in the economy, says Economic Survey
The ministry says it strongly rebuts such reports which do not analyse all official data sources available in the public domain.
With youth constituting 82.9% of total unemployment, fertility rate below replacement level since 2021 and working-age population set to decline by 57% during 2031-41, demographic dividend is over
India should give primacy to labour-intensive manufacturing employment to absorb the abundant unskilled labour, says ILO
About 83% of Indian mid-market companies foresee an increase in profitability over the next 12 months, shows survey
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.
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.
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.