India's employment data: PM Modi's naukri numbers appraisal spars with Congress in election fray
India is nearing the end of weeks-long election battle in the world's largest democracy, job talks are taking center stage with the Prime Minister and Opposition making opposite claims. BJP, the ruling party, led by Prime Minister Narendra Modi, is talking up good signs in employment, but the opposition, especially Congress leader P. Chidambaram, isn't buying it, asking tough questions and stirring up the conversation.
In a recent chat with The Economic Times, PM Modi, who is seeking to return to power for a third term, boasted about job growth in India. “Look at the indicators which prove the job generation. The returns filed by individual taxpayers more than doubled from 3.36 crore in 2013-14 to 8.18 crore in 2023-24,” Modi said.
Also Read: Is India suffering from an unemployment issue? PM Modi says the country is generating jobs
Employee Provident Fund Organisation (EPFO) payroll data shows that over 6 crore new EPFO subscribers have been added in the last seven years, indicating a surge in youth employment. “PLFS data shows that between 2017 and 2023, the participation rate of the worker population ratio has increased to over 56%, and unemployment is at a historic low of 3.2%,” he added.
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