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July 11, 2024 8:10 PM

”India has successfully, swiftly generated new jobs” says Union Minister Piyush Goyal

Union Minister Piyush Goyal on Thursday praised the Indian government's job creation efforts, citing recent data from the Reserve Bank of India (RBI) that indicates substantial employment growth in the 2023-2024 financial year. According to the RBI KLEMS Data, nearly 4.6 crore (46 million) new jobs were created in FY 2023-2024, representing a 6% increase in employment opportunities. Goyal said that this as a historic achievement, adding, "For the first time after 1981-82, around 2.5 times highe...

July 8, 2024 9:04 PM

India doubts credibility of Citigroup report on state of employment

The Indian government has strongly refuted a recent Citigroup report on the state of employment in India, calling into question its credibility and methodology. In a statement released Monday, the Ministry of Labour and Employment criticized the report for failing to consider all official data sources available in the public domain. The Citigroup report, which has been widely cited in media outlets, forecasted that India would struggle to create sufficient employment opportunities even with a 7...

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