Page 2 - Job Creation In India

From capital gains tax to job creation, understanding Union Budget 2024

Budget 2024: While some of the announcements were on expected lines, many have led to a surprise among investors

India needs to add 7.85 million jobs every year till 2030: Economic Survey

Manufacturing sector witnessed subdued employment growth in the past decade due to issues like bad loans, says Economic Survey 2023-24

Budget 2024: Govt plans employment-linked incentive scheme for job creation

Budget 2024: The proposed ELI scheme may offer tax relief and wage subsidies to companies for creating employment opportunities amid rising concerns over 'jobless growth'

Economic vision and not stimulus in Modi 3.0 Budget: Goldman Sachs

The government, Goldman Sachs believes, is likely to stick to the announced fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for FY25

India's biz activity grows faster in June, job creation at 18-yr high: PMI

The manufacturing index showed bigger gains to 58.5 from 57.5 in May while the dominant services industry's reading rose slightly to 60.4 this month from 60.2

Job creation is India's top economic challenge, policy experts say: Poll

An overwhelming 91 per cent majority of development economists and policy experts, 49 of 54, said unemployment would be the biggest economic challenge for the government's term

Unprecedented job creation recorded under Modi govt: Surjit Bhalla

Former India's executive director at IMF Surjit Bhalla on Sunday said that on an average basis, an unprecedented number of jobs are being created under the Narendra Modi government, with the number touching about 10 million over the last 7-8 years. Bhalla further said the least number of jobs were created during 2004-2013 (UPA government period), and it was then that the term 'jobless growth' came about. "The job creation by the Modi government has been the highest on record. "Never before in Indian history have so many jobs been created on an average basis. Something close to 10 million jobs over the last 7-8 years," he told PTI in a video interview. Bhalla, a former member of the Economic Advisory Council to the Prime Minister (EAC-PM), asserted that the maximum number of jobs were created during the tenure of Atal Bihari Vajpayee and Modi. He was responding to a recent International Labour Organization (ILO) report, which showed that in 2022, the share of unemployed youths in .

Efficient job market

Gainful job creation remains a challenge

Apple is set to revolutionise job creation in India. Here's the scoop

Apple is set to revolutionise job creation in India. The tech titan plans to shift half its supply chain from China to India, sparking a job boom. > > >

Jobs creation in South Asia lags population growth, says World Bank chief

"If only they can be employed. It's a fantastic opportunity to grow but until recently employment ratios have been falling," says Franziska Ohnsorge

Today's youth don't run after govt jobs, but are job creators, says Goyal

Today's youth don't run after government jobs but have become job creators, Union minister Piyush Goyal has said. He was addressing a meeting Saturday night of the residents of Adarsh Welfare Association in Malad suburb of North Mumbai Lok Sabha constituency, from where he is contesting as a BJP candidate. BJP's incumbent North Mumbai Lok Sabha member Gopal Shetty also addressed the meeting and requested the housing complex members to vote for Goyal. Today's young men and women don't run after government jobs (but) with their talents become job creators. Today's youth are taking the country forward with new experiments and innovation, Goyal said. In the last 10 years, PM Narendra Modi took strong steps to strengthen India's economy. He attempted to bring in good governance in all areas. He brought in many schemes for the welfare of the poor, the Commerce and Industry minister said. PM Modi worked to bring India from the five fragile economies to the top five economies, the ministe

Odisha govt approves seven key projects with Rs 80,125 crore investment

The Odisha government has approved seven key projects with an investment of Rs 80,125 crore in different sectors, an official said. The projects received the state government's nod at a High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Naveen Patnaik on Thursday. These investments are expected to create job opportunities for 24,552 people in various sectors, including steel, green energy, pharmaceuticals, and chemicals, the official said. These projects are spread over Khurda, Jagatsinghpur, Jharsuguda, Ganjam, and Bhadrak districts, he said. Granules Life Sciences Private Limited, a leading producer of paracetamol in India, has proposed to set up its pharmaceutical unit at Tata SEZ, Gopalpur in Ganjam district. The company aims to produce 4 billion units of paracetamol, metformin, ibuprofen and other pharma products, for which it will pump in Rs 1,100 crore in the Ganjam plant, generating jobs for around 1,500 people. Granules CZRO Private Limited will also

Fresh formal job creation dips to 7-month low in October, shows EPFO data

The share of women also increased marginally to 26.4 per cent (204,408) in October as compared to 25.2 per cent in September

Major IT companies look to freeze intake of freshers this fiscal: Report

Hiring of freshers is likely to decline in the current fiscal as major IT companies look to freeze intake of freshers, according to a report. In its hiring outlook for fresh IT/engineering graduates in the fiscal year 2023-24, TeamLease Digital said that 1.55 lakh freshers are likely to be hired in the IT/Tech sector this fiscal compared to 2.3 lakh freshers in the previous financial year. With approximately 1.5 million engineering graduates actively seeking IT/Tech roles, muted market sentiments and intensified skills evaluation mechanisms have created a turbulent landscape, it added. The report is based on secondary sources, including news reports and company reports, it said. As major IT companies freeze fresher intake, alternate sectors are opening up demand. Other segments, including Global Capability Centers (GCCs) and non-tech sectors like banking, financial services and insurance (BFSI), communication, media and technology, retail and consumer business, life sciences and .

Apprentice skilling in IT/BFSI industry to create 5 mn jobs by 2025: Report

IT/ITES sector likely to pay between Rs 11,000 and Rs 75,000 to young apprentices

We are not going back to licence raj, says FM Nirmala Sitharaman

In an exclusive interview, Sitharaman says focus is on sunrise sectors, job creation

274,000 posts vacant in Railways, over 170,000 in safety category: RTI

More than 2.74 lakh posts in the Railways are lying vacant as of this month, with over 1.7 lakh of them in the safety category alone, the national transporter has said in response to an RTI query. In its reply to the questions filed by Chandra Shekhar Gaur, a Madhya Pradesh-based Right to Information (RTI) Act activist, the Railways said 2,74,580 posts are vacant in Group C category, including Level 1 or entry-level staff. This includes 1,77,924 vacancies in the safety category, it said. "The total number of non-gazetted posts vacant i.e. Group-C (including Level-1) in Indian Railways, as available in this office, as on 01.06.2023 (provisional) is: 2,74,580," the ministry said. On the safety category, it said there are more than 9.82 lakh posts of which over 8.04 lakh are filled. "Total number of sanctioned, on roll and vacant posts in safety category of Group-C (including Level-1) in Indian Railways, as available in this office, as on 01.06.2023 (provisional) are: 9,82,037, 8,04

Formal job creation up second year on trot, hits 4-yr high, shows EPFO data

Share of women among new subscribers grows to 26% in FY23 from 21% in FY19; share of young people (18-28 age group) getting formal jobs has risen to 66.5% in FY23 from 62.1% in FY21

PM Modi addresses Rozgar Mela, distributes 71,000 appointment letters

Recalling the difficulties faced in the recruitment process, the Prime Minister said that the SSB earlier took nearly 15-18 months to onboard the new recruits, whereas today it takes only 6-8 months

Start-up registrations near 100K-mark, no. of new ventures up since Covid

Top 5 sectors, including IT services, and health care, account for third of registered start-ups