India will need to find jobs for additional 90 mn, says McKinsey report

At least 90 million additional people will be in search of non-farm jobs during eight years from 2022-23 to 2029-30 and India needs to grow in the range of 8-8.5 per cent annually to employ them, says McKinsey Global Institute (MGI). The figures do not include 55 million women who may come back to the labour force to “partially correct the historical underrepresentation."

Reaching there would require major reforms which if not carried out could result in a decade of economic stagnation, warned MGI in its report, titled "India's turning point -- An economic agenda to spur growth and jobs".