Can India be a ‘developed nation’ without quality jobs?
GDP growth and manufacturing push have not produced adequate quality jobs for decades
GDP growth and manufacturing push have not produced adequate quality jobs for decades
Around 84% of employers expect an increase in hiring in October-March 2023, and 67% predict business growth, says a report
Of 8.92 lakh new members added in the period, around 2.26 lakh are females
Since 2019, the pace of regular wage job creation decreased due to the growth slowdown and the pandemic, the report by Azim Premji University says
Share of women payroll around 27%; more people might be deciding to stick to their current jobs, says SBI Research’s Soumya Kanti Ghosh
Urban joblessness rate rises to 9.81% in April, while the rural unemployment rate eased to 7.34%
In urban areas, unemployment rate was 8.5% in March 2023, up from 7.9% in Feb 2023, while in rural areas, it stood at 7.4%, up from 7.2% in previous month
The recently launched National Green Hydrogen Mission, with an outlay of 19,700 crores is expected to create over 6 lakh jobs
Distress signals: In FY23, average income and consumption may not breach FY20 level, fiscal spending is lower than FY21 and FY22 and trade deficit zooms to 6% of GDP by December 2022
Experts say with a high level of automation and digitisation, manufacturing may not remain an avenue for job creation and that focus is needed on services as well as self-employment.