Seven states, including Karnataka and Maharashtra, have come up with dedicated policies to facilitate establishment of 1,380 Global Capability Centres (GCCs) with a target to create an additional 12 lakh jobs by 2031, according to CBRE. Real estate consultant CBRE on Friday released a report 'The Policy Advantage: Powering India's GCC Growth'. As per the report, seven states -- Karnataka, Maharashtra, Rajasthan, Gujarat, Kerala, Haryana and Madhya Pradesh -- are targeting setting up of around 1,380 GCCs in their states with a cumulative target of creating about 1.18 million jobs by 2031. "The speed at which state governments have moved to formalise dedicated GCC policies is unprecedented in India's commercial real estate landscape," said Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE. "This reflects a broader recognition that these centres are no longer a peripheral component of India's services economy, but a central pillar that states .
The impact will be limited compared to many other countries, said Goldman Sachs Group's Chief India economist Santanu Sengupta
Of the 9.99 million first-time employees enrolled under PM-VBRY, 2.85 million were women and 7.14 million were men, according to data presented in the Lok Sabha
Of 53,449 candidates enrolled in AI-related job roles under PMKVY 4.0, 39,104 were trained, 28,345 assessed and 25,466 certified as of June 30, 2026
West Bengal Industries Minister Tapas Roy on Friday said the state's proposed industrial incentive scheme will be linked to employment generation rather than investment, with a new industrial policy expected to be unveiled later this month. Addressing the business conclave 'Uttaran 2026: Bangla, Building the Next Growth', Roy said industries would be eligible for incentives based on the number of jobs they create. "We are thinking of linking incentives to employment generation rather than investment," he said. The minister said the new industrial policy is expected to be announced on August 15. The state government has earmarked Rs 5,000 crore in the 2026-27 budget to revive industrial incentives after the earlier incentive scheme was discontinued by the TMC government. The new industrial policy is expected to lay down the framework for the incentive programme and include measures to improve ease of doing business through a strengthened single-window clearance system, GIS-enabled
Maharashtra, Punjab and Uttar Pradesh accounted for the bulk of compensation due, while all states and Union territories have moved to the new rural employment framework
From the correction in AI stocks and environmental clearance rules to ecommerce reform, exam paper leaks and a critique of technology, desire and patriarchy
As labour intensity converges across manufacturing and services, it's time to rethink the role of services in job creation
From India's digital trade strategy and autonomous AI risks to youth employment, the rupee's stability and the evolution of the Chinese Communist Party, here are today's top Opinion pieces.
Govt needs to focus more on low-end work, which will be impacted more by technology and artificial intelligence
The Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025 will come into force from July 1, with the Centre on Tuesday stating that all arrangements have been made for its implementation. The Ministry of Rural Development said the Act provides a statutory guarantee of up to 125 days of wage employment to eligible rural households, compared to the 100 days provided under the existing rural employment framework. The ministry said an interim allocation of Rs 95,692.31 crore has been made to states and Union Territories to ensure a smooth transition, timely wage payments and uninterrupted implementation of works under the new framework. Union Rural Development Minister Shivraj Singh Chouhan said the government's priority was to ensure that "no eligible rural worker remains without work even for a single day". He said the Centre and states had worked together to complete administrative, financial and technical preparations for the rollout. The government said ...
As MGNREGA comes to a close, both critics and supporters keenly eye VB G RAM G's performance
India needs nearly 7.85 million non-farm jobs annually; the PM Viksit Bharat Rozgar Yojana seeks to boost formal employment through incentives and retention
India's Chief Economic Adviser urges youth to prioritise skills that remain valuable amid technological changes over traditional career paths
Talks with advanced economies focused on skilled-worker mobility, mutual recognition of qualifications, social protection and employment generation
The interim allocation comes ahead of the formal launch of VB-G RAM G on July 1, 2026, across the country
A Reuters poll had projected the April unemployment rate at 5.2%
MCA Secretary Deepti Gaur Mukerjee said companies must reflect on the quality of internships and workplace appeal under the Prime Minister Internship Scheme
The Centre has notified the VB-G RAM G Act, replacing MGNREGA from July 1, 2026, with a 125 day rural employment guarantee and expanded infrastructure creation mandate
SBI Research analysis of PLFS 2025 data found women-headed households are associated with higher regular wage employment and lower dependence on casual labour