Employment Growth

Meanwhile, the number of establishments in the sector rose to 79.7 million from 79.42 million during the corresponding period

The generation born around the turn of the century is facing a bleak economic future. A shrinking pool of jobs and the advance of artificial intelligence are weighing on their prospects

India's BFSI sector is set for robust growth, with hiring projected to rise 8.7 per cent in 2025-26 and touch 10 per cent by 2030, creating nearly 2.5 lakh permanent jobs, a report said on Thursday. This growth in the Banking, Financial Services, and Insurance (BFSI) sector is being driven by rising demand in tier II and III cities, marking a clear shift from metro-centric recruitment. "The heartland of India is emerging as a powerful engine of talent demand in the BFSI sector, with nearly 48 per cent of new roles now originating from tier II and III cities," workforce solutions provider Adecco India said in a report. The first half of FY25 saw a 27 per cent increase in hiring activity compared to the corresponding period of the previous year, signalling strong momentum across frontline, digital, and compliance functions, according to the report. Candidates with local language proficiency and grassroots sales experience are now 2.5 times more likely to be shortlisted and command 10

Retirement fund body EPFO recorded a 13.46 per cent year-on-year growth in net member addition of 21.89 lakh in June, according to the latest payroll data released on Wednesday. The Employees' Provident Fund Organisation's (EPFO) provisional payroll data for June 2025 showed a net addition of 21.89 lakh members, marking the highest recorded addition since payroll data tracking began in April 2018, a labour ministry statement said. On a month-on-month basis, net payroll additions increased 9.14 per cent, it added. The year-on-year analysis reveals a growth of 13.46 per cent in net payroll additions in June 2025 compared to June 2024, signifying increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO's effective outreach initiatives, the statement said. EPFO enrolled around 10.62 lakh new subscribers in June 2025, representing a 12.68 per cent increase over May 2025 and a 3.61 per cent growth year-on-year. This rise in new subscribers can

From IT hubs in Kolkata to manufacturing revivals in Uttarpara and mega power projects in Salboni, Bengal is wooing corporate giants to reverse migration and fuel economic growth

Multilateral funding agency ADB on Friday said it has approved a USD 109.97 million (about Rs 927 crore) results-based loan to support Gujarat in advancing its vision of becoming a global industrial hub through a stronger, future-ready workforce. The Gujarat skills development programme, led by the state's Labour, Skill Development and Employment Department in collaboration with Kaushalya: The Skill University (KSU), aims to equip the state's workforce with industry-aligned, advanced skills that boost job readiness in high-growth sectors, ADB said in a statement. The programme will strengthen the institutional and managerial capacity of the KSU network and broaden access to high-quality, industry-relevant training courses that integrate frontier technologies, it said. Through this process, the programme aims to transform the governance and performance of the technical and vocational education and training (TVET) system in Gujarat, establishing a scalable model that can be replicated

CM Sai said with a stronger focus on the skill-development sector, the state was working to align its workforce with industry needs.

Last year, a study by TeamLease showed that India produces a staggering 1.5 million engineers every year, but only 45 per cent meet industry standards

Reddit users are debating how much money is necessary to live comfortably in a small town after an Indian man posted that he needed a second job despite earning Rs 82,000

Industry leaders will explore the challenges and opportunities in job market, assessing if India can emerge as a global leader by 2030 through AI, upskilling, and digital innovation

The upcoming annual budget for FY26 could announce further measures to boost employment generation, CII said on Sunday, emphasising that job creation at a mass scale is important to engage the young population productively, and drive inclusive growth in the world's most populous nation. The industry body has suggested a seven-point agenda to harness India's demographic dividend, including an integrated national employment policy, support to labour-intensive sectors, and setting up an international mobility authority, among other targeted measures. With a median age of just 29 years, India is a young country, and is set to add 133 million people to its working-age population by 2050. The government could consider launching an internship programme in government offices in rural areas for the college-educated youth, CII said. It argued that this initiative would create short-term employment opportunities in government offices while bridging the gap between education and professional .

Addressing unfilled positions in courts, police, and hospitals could boost productivity and ease citizens' lives

Unincorporated sector enterprises witnessed a 10.01 per cent increase in employment to over 12 crore during the year ended September 2024, while the number of establishments rose 12.28 per cent to 7.34 crore, according to a government survey. The survey, which covers unincorporated non-agriculture sector enterprises, showed gross value added (GVA) grew 16.52 per cent during the October 2023 - September 2024 period. These findings form part of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24 for the reference period -- October 2023 - September 2024 -- referred to as ASUSE 2023-24, released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. The sector employed more than 12 crore workers between October 2023 and September 2024, marking an increase of more than one crore workers from 2022-23 and reflecting robust labour market growth. The total number of workers employed increased to 12,05,99,800 in ASUSE 2023-24 from 10,96,26,000 i

The Central Warehousing Corporation (CWC) under the Ministry of Consumer Affairs, Food & Public Distribution has announced the recruitment notification for 179 positions on its official website

Vacancies rose by 11 per cent on the month in the United States and 4 per cent in Britain, but there were bigger increases of 18 per cent and 22 per cent in Canada and Mexico, which Fowlston linked to

Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023

While 8.4 million workers were removed from the initiative, over 4.5 million new workers were added during this period, a report by Lib Tech, a consortium of academics and activists, claimed

US-India Strategic Partnership Forum President and CEO Mukesh Aghi on Monday emphasised that exports are going to be a major job creator for India as the country moves towards becoming a USD 5 trillion economy. Aghi, who was speaking at an event organised by the USISPF, also stressed that India and the US should continue to strengthen their economic engagements and increase the bilateral trade to USD 500 billion going forward. He said creating nearly 1.2 million jobs per month is going to be a challenge, highlighting the importance of job creation to ensure there is no social unrest among the youth. "As India's economy goes from 4 to 5 trillion dollars, one of the biggest job creators is going to be exports because we have a challenge and the challenge is how do we create 1.2 million jobs (in India) a month and unless we are able to meet that objective we will start seeing some kind of social unrest among the youth itself...," Aghi said. "So I think it is important to keep on drivi

The report said that in all South Asian countries, output gains from closing the gender gap in labour force participation would be driven by the manufacturing sector, followed by the services sector

The Sustainable and Inclusive Tourism Development Project targets the promotion of heritage and cultural sites in the Mandi and Hamirpur districts