Employment Growth

CII proposes seven-point agenda to boost employment generation in budget

The upcoming annual budget for FY26 could announce further measures to boost employment generation, CII said on Sunday, emphasising that job creation at a mass scale is important to engage the young population productively, and drive inclusive growth in the world's most populous nation. The industry body has suggested a seven-point agenda to harness India's demographic dividend, including an integrated national employment policy, support to labour-intensive sectors, and setting up an international mobility authority, among other targeted measures. With a median age of just 29 years, India is a young country, and is set to add 133 million people to its working-age population by 2050. The government could consider launching an internship programme in government offices in rural areas for the college-educated youth, CII said. It argued that this initiative would create short-term employment opportunities in government offices while bridging the gap between education and professional .

Governance woes: Why filling govt vacancies should be India's top priority

Addressing unfilled positions in courts, police, and hospitals could boost productivity and ease citizens' lives

Unincorporated enterprises rise 12.28%, sees 10% rise in jobs: Govt survey

Unincorporated sector enterprises witnessed a 10.01 per cent increase in employment to over 12 crore during the year ended September 2024, while the number of establishments rose 12.28 per cent to 7.34 crore, according to a government survey. The survey, which covers unincorporated non-agriculture sector enterprises, showed gross value added (GVA) grew 16.52 per cent during the October 2023 - September 2024 period. These findings form part of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 for the reference period -- October 2023 - September 2024 -- referred to as ASUSE 2023-24, released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. The sector employed more than 12 crore workers between October 2023 and September 2024, marking an increase of more than one crore workers from 2022-23 and reflecting robust labour market growth. The total number of workers employed increased to 12,05,99,800 in ASUSE 2023-24 from 10,96,26,000 i

CWC MT Recruitment 2024: Notification for 179 multiple posts and more

The Central Warehousing Corporation (CWC) under the Ministry of Consumer Affairs, Food & Public Distribution has announced the recruitment notification for 179 positions on its official website

Major global companies boost hiring towards year end, finds survey

Vacancies rose by 11 per cent on the month in the United States and 4 per cent in Britain, but there were bigger increases of 18 per cent and 22 per cent in Canada and Mexico, which Fowlston linked to

Clean energy job growth outpaces fossil fuel sector in India: Report

Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023

Over 8.4 million MGNREGS workers' registration 'deleted' in six months

While 8.4 million workers were removed from the initiative, over 4.5 million new workers were added during this period, a report by Lib Tech, a consortium of academics and activists, claimed

Export to be major job creators in transition to $5 trn economy: USISPF

US-India Strategic Partnership Forum President and CEO Mukesh Aghi on Monday emphasised that exports are going to be a major job creator for India as the country moves towards becoming a USD 5 trillion economy. Aghi, who was speaking at an event organised by the USISPF, also stressed that India and the US should continue to strengthen their economic engagements and increase the bilateral trade to USD 500 billion going forward. He said creating nearly 1.2 million jobs per month is going to be a challenge, highlighting the importance of job creation to ensure there is no social unrest among the youth. "As India's economy goes from 4 to 5 trillion dollars, one of the biggest job creators is going to be exports because we have a challenge and the challenge is how do we create 1.2 million jobs (in India) a month and unless we are able to meet that objective we will start seeing some kind of social unrest among the youth itself...," Aghi said. "So I think it is important to keep on drivi

Manufacturing output to jump 9% if more women join workforce: World Bank

The report said that in all South Asian countries, output gains from closing the gender gap in labour force participation would be driven by the manufacturing sector, followed by the services sector

ADB grants $162 mn loan for new infra, tourism boost in Himachal Pradesh

The Sustainable and Inclusive Tourism Development Project targets the promotion of heritage and cultural sites in the Mandi and Hamirpur districts

11% increase in US dollar withdrawals in India since May 2023: Report

Software engineers, consultants made the most such withdrawals in 18 countries, says payroll company Deel

Union Budget 2024-25: Three macro puzzles and policy implications

Why is consumption soft, employment growth weak, and core inflation low, when the economy is apparently growing strongly?

Official employment data masks India's jobs problem, say economists

The jump in employment cannot be equated to the creation of formal jobs with regular wages

Implementing labour reforms may prove tricky for new coalition govt

While the four labour codes have already been passed by the Parliament, implementing them could prove tricky for the new coalition government led by prime minister Narendra Modi

Govt should lower tax on recruitment agencies to help boost employment: ISF

'This discourages many employers from hiring contract workers through recruitment agencies as they see the steep tax as an additional burden.'

Tata's chip plants to serve all sectors, generate 72k jobs: Chandrasekaran

Tata Electronics plants will gradually serve all sectors in a phased manner by supplying chips and generate around 72,000 jobs over the years, Tata Sons Chairman N Chandrasekaran said here. While speaking on the sidelines of the groundbreaking ceremony of Tata Electronics' Rs 91,000 crore chip manufacturing plant and Rs 27,000 crore chip assembly facility in Assam, Chandrasekaran said there will be the expansion of projects but only after the company cross the early milestones. He said Tata Electronics chips will cater to the requirements of various sectors, including automotive, power, electronics, consumer, and medical, among others. "There is a whole range of sectors, which have a need for chips in this sector. Obviously, we can't produce all form factors on Day 1. It will happen in stages, but we will be serving all sectors," Chandrasekaran said. Tata's chip plant is capable of producing wafers in 28 nanometers (nm) to 110 nanometer nodes, the chairman noted. High-tech gadget

No of educated jobless youth soar 7 times in Assam in 2022: Eco Survey

The latest Economic Survey Assam has stated that nearly 10 lakh fresh educated youths have registered in employment exchanges in the state in 2022 compared to just 1.4 lakh in the previous year. Terming it a huge challenge before the state, the Economic Survey, Assam for 2023-24 stated that the size of the educated job seekers is considerably high with new registration jumping by a whopping over seven times in just a single year. "From the records of the live register of Employment Exchanges, the registered educated job seekers stood at 9,83,093 in 2022 as against 1,37,865 during 2021," it added. The report, which was tabled in the Assam Assembly during the Budget Session this month, stressed that the number of educated job seekers has increased at all levels of education in 2022 over 2021. It said that the overall number of educated job seekers stood at 18,05,441 as per registrations at Employment Exchanges in 2021 as against 17,46,671 during 2020, thereby showing an increase of 3

Odisha approves 27 new industrial projects worth Rs 6,134 crore

The Odisha government has approved 27 new industrial projects to the tune of Rs 6,134 crore across sectors, a senior official said on Saturday. The proposals got the state government's nod at a meeting chaired by Chief Secretary P K Jena on Friday. The potential sectors include aluminium, renewable power, manufacturing, aerospace and defence, food processing, apparel and textiles and IT infrastructure, the official said. The proposed projects are likely to create employment for 42,275 people, Jena said.

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Congress stands for Jal-Jungle-Jamin of tribal people, says Rahul Gandhi

Congress leader Rahul Gandhi on Sunday said that his party stood for 'Jal-Jungle-Jamin' (water, forest and land) of tribal people and employment of youths. Gandhi was speaking during a roadshow in Jharkhand's Dhanbad district, as part of his 'Bharat Jodo Nyay Yatra'. After a night halt in Tundi block of the district on Saturday, the yatra resumed at Govindpur in Dhanbad city on Sunday, the third day of his yatra in Jharkhand. The main objective of the yatra is to save public sector units from being sold to private parties, and ensure justice to employed youths and tribal of the country, Gandhi said. "Congress party stands for the Jal-Jungle-Jamin of the tribal people and work for education and employment of youths. Economic imbalance, demonetisation, GST and unemployment have ruined the future of youths in the country," he said. Jharkhand Congress vice-president Brajendra Prasad Singh said the yatra which started from Govindpur, passed through Saraidhela, IIT-ISM gate, Randhir Ver