Job Creation In India

Services PMI falls marginally to 58.4 in Nov, job creation improves

Business confidence leads to 'hiring surge' as input costs rise to the 'greatest extent' in 15 months

6 million new job cards issued under MGNREGS every year, Centre tells LS

Sixty lakh new job cards are issued under the MGNREGS on average every year and the government has no role in the deletion of the job cards which is done based on various parameters, the Centre said on Tuesday. Minister of State for Rural Development Chandra Sekhar Pemmasani told the Lok Sabha that 57 per cent of the rural development budget is allocated for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and asserted that Aadhaar-seeding of the cards enhances transparency. He was responding to Congress leader K C Venugopal, who claimed that the names of 10.43 crore MGNREGS workers have been deleted in the last four years. Venugopal also wanted to know whether the deletions were linked to the Aadhaar-seeding requirement. "Ninety-nine per cent of all job card holders have Aadhaar seeding. Aadhaar seeding is nothing but to increase transparency. It is not an obstacle," the minister said during the Question Hour. According to Pemmasani, the deletion of job car

New cottage and rural industries policy to create 1.2 mn jobs in Gujarat

The Gujarat government announced on Wednesday its new cottage and rural industries policy, offering higher loans and subsidies to artisans and entrepreneurs to set up units in the state. Minister of Cottage Industries Balwantsinh Rajput, who unveiled the policy in Gandhinagar, said it will facilitate the creation of nearly 12 lakh jobs over five years. The new policy was introduced after the five-year validity of the previous scheme ended, an official release said. The New Cottage Policy 2024, which will remain in force for five years, aims to develop a self-sustaining cottage industry sector and open the doors of local and international markets for artisans, the minister said. Under the policy, the state will work towards the availability of credit and market support to artisans and focus on infrastructure, skill, technology upgrades and innovation, Rajput said. To encourage new industries and businesses, the state government has increased the maximum loan amount under this schem

Digital growth to create 100k new fiber tech jobs in India in five years

Rapid digital expansion, including broadband and 5G network is expected to create around 1 lakh new job opportunities in fiber installation, maintenance, and repair segments in the next five years, according to TeamLease Services Chief Strategy Officer Subburathinam P. The India Telecom Market is estimated at USD 48.61 billion in 2024, and is expected to reach USD 76.16 billion by 2029, growing at an annual rate of 9.40 per cent and as of 2023, about 7,00,000 kilometers of optical fiber cable has been laid across the country, significantly contributing to the expansion of digital infrastructure, he told PTI. "The annual growth rate of employment in the fiber optic technician segment is largely driven by the rapid expansion of broadband and 5G networks in India. As the government and telecom operators focus on expanding fiber infrastructure, the demand for fiber technicians is expected to grow significantly," Subburathinam said. The increasing fiberisation of telecom towers is expect

Here's why South should worry about bringing more people, not more babies

Thankfully, neither Stalin nor Naidu is proposing regressive policies in order to push the birth rate back up. What the two leaders should do is think more closely about why exactly they're so worried

Can India revive its manufacturing sector and create millions of jobs?

India needs nuanced policies, investment, and scale to unlock its manufacturing potential, writes Ajay Shankar

States stress on timely reporting of information on employment, job fair

States' representatives on Friday suggested timely and regular reporting of employment and job fair details to the National Career Services portal to boost job creation. Union Minister of State for Labour & Employment Shobha Karandlaje chaired a crucial regional meeting with six states/UTs -- Karnataka, Tamil Nadu, Telangana, Kerala, Puducherry, and Andaman & Nicobar Islands -- in Bengaluru today, a labour ministry statement said. This marks the first in a series of six regional meetings planned by the Ministry of Labour and Employment with all states/UTs, emphasising the spirit of cooperative federalism. The meeting focused on discussions around labour reforms, the eShram Portal, Building & Other Construction Workers (BoCW), and boosting employment generation, reflecting the government's commitment to inclusive development and welfare of all sections of the workforce. During the meeting, the states pointed towards the timely and regular submission of employment returns ...

Need frequent data on job creation, says CEA V Anantha Nageswaran

Currently, MoSPI releases labour force data for urban areas in the form of PLFS quarterly, while for rural areas it is brought out annually

Global capability centre industry to boost job creation in India: Report

With India emerging as the hub of Global Capability Centres, a report on Saturday revealed that 78 per cent professionals expect the GCC sector to become a catalyst for creating jobs, particularly benefiting temporary workforce in the country. A majority of 78 per cent foresee GCCs as catalysts for creating new job opportunities, particularly benefiting gig workers and the temporary workforce in India, said a report by HR Services and Workforce Solutions provider Genius Consultants. This optimism about job creation reflects a positive outlook on GCCs' potential to diversify and expand employment avenues in the evolving job market, the survey stated. The report on GCCs and their potential impact on the Indian industrial market is based on an analysis of inputs from 1,033 professionals. Almost all the respondents agreed on the pivotal role that GCCs play in advancing the adoption of cutting-edge technologies such as Artificial Intelligence (AI), cloud computing, and Internet of Thing

Budget 2024 is an economists' Budget, says Citigroup MD Samiran Chakraborty

Focus of Budget 2024 is not restricted to railways, defence and infra, but expands to manufacturing and employment to aid human capital growth, said Citigroup MD at 'Budget with BS: The Fine Print'

From capital gains tax to job creation, understanding Union Budget 2024

Budget 2024: While some of the announcements were on expected lines, many have led to a surprise among investors

India needs to add 7.85 million jobs every year till 2030: Economic Survey

Manufacturing sector witnessed subdued employment growth in the past decade due to issues like bad loans, says Economic Survey 2023-24

Budget 2024: Govt plans employment-linked incentive scheme for job creation

Budget 2024: The proposed ELI scheme may offer tax relief and wage subsidies to companies for creating employment opportunities amid rising concerns over 'jobless growth'

Economic vision and not stimulus in Modi 3.0 Budget: Goldman Sachs

The government, Goldman Sachs believes, is likely to stick to the announced fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for FY25

India's biz activity grows faster in June, job creation at 18-yr high: PMI

The manufacturing index showed bigger gains to 58.5 from 57.5 in May while the dominant services industry's reading rose slightly to 60.4 this month from 60.2

Job creation is India's top economic challenge, policy experts say: Poll

An overwhelming 91 per cent majority of development economists and policy experts, 49 of 54, said unemployment would be the biggest economic challenge for the government's term

Unprecedented job creation recorded under Modi govt: Surjit Bhalla

Former India's executive director at IMF Surjit Bhalla on Sunday said that on an average basis, an unprecedented number of jobs are being created under the Narendra Modi government, with the number touching about 10 million over the last 7-8 years. Bhalla further said the least number of jobs were created during 2004-2013 (UPA government period), and it was then that the term 'jobless growth' came about. "The job creation by the Modi government has been the highest on record. "Never before in Indian history have so many jobs been created on an average basis. Something close to 10 million jobs over the last 7-8 years," he told PTI in a video interview. Bhalla, a former member of the Economic Advisory Council to the Prime Minister (EAC-PM), asserted that the maximum number of jobs were created during the tenure of Atal Bihari Vajpayee and Modi. He was responding to a recent International Labour Organization (ILO) report, which showed that in 2022, the share of unemployed youths in .

Efficient job market

Gainful job creation remains a challenge

Apple is set to revolutionise job creation in India. Here's the scoop

Jobs creation in South Asia lags population growth, says World Bank chief

"If only they can be employed. It's a fantastic opportunity to grow but until recently employment ratios have been falling," says Franziska Ohnsorge