Union Labour Minister Mansukh Mandaviya states that the federal government created practically 5 occasions extra jobs prior to now decade than through the UPA period, based on information from the RBI and EPFO.
Mansukh Mandaviya highlights that from 2004 to 2014, the UPA authorities created 2.9 crore jobs, whereas the Modi authorities created 17.19 crore jobs from 2014 to 2024.
In 2023-24 alone, 4.6 crore new jobs had been generated underneath the present authorities.
Employment development underneath the UPA was 6%, whereas underneath the Modi authorities, it surged 36% over 10 years.
The agriculture sector noticed a 19% improve in jobs from 2014-2023, reversing a 16% decline underneath the UPA.
Manufacturing employment grew by 15% during the last decade, in comparison with simply 6% underneath the UPA.
The companies sector grew by 36% from 2014-2023, surpassing the 25% development from 2004-2014.
India’s unemployment charge dropped from 6% in 2017-18 to three.2% in 2023-24.
Graduate employability improved from 33.95% in 2013 to 54.81% in 2024.
Youth employment rose from 31.4% in 2017-18 to 41.7% in 2023-24, with over 4.7 crore younger individuals becoming a member of the formal job market between 2017 and 2024.
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