Job opportunities & employability: Shaping India's future workforce
India is poised to address domestic and global labour demands.
Improving Employment Metrics
The Periodic Labour Force Survey reveals positive trends in India's employment scenario. From 2017-18 to 2023-24, the national unemployment rate dropped from 6% to 3.2%, while the Worker Population Ratio (WPR) surged from 46.8% to 58.2%. The workforce engaged in economic activity grew to an estimated 643.3 million in 2023-24, up from 471.5 million in 2014-15, with women's WPR doubling to 40.3% and youth WPR rising to 41.7%.
Rise of Services & Construction
Services and construction sectors have led employment growth. Between 2014-15 and 2022-23, the services sector added over 53 million jobs, reaching 201.5 million, while construction sector created 22.8 million new opportunities. Manufacturing jobs also rose by 15.5%, adding 8.46 million job opportunities over the same period, and 54.6 million MSMEs created jobs reaching a total of around 230 million jobs in the sector, as per Udyam portal data. India's thriving start-up ecosystem has contributed significantly, as well, generating an estimated 1.55 million jobs since 2016.
Emerging Sectors, Future
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