Citigroup's Research Report on Employment in India

Current Context: Citigroup’s recent research report on employment in India has sparked discussions. The report suggests that India would struggle to create sufficient employment opportunities even with a 7% growth rate.

• It raises concerns about the pace of job creation in the country.
• However, the Ministry of Labour and Employment strongly refutes these claims, emphasizing that official data from sources like the Periodic Labour Force Survey (PLFS) and RBI’s KLEMS data show positive trends in employment.
• India generated over 8 crore (80 million) employment opportunities from 2017-18 to 2021-22, averaging more than 2 crore (20 million) jobs per year.
• Despite the pandemic, labor market indicators improved, including increased labor force participation and reduced unemployment rates.

Question:

1 What is the average number of jobs created per year in India during the period 2017-18 to 2021-22?

• A) 2 crore jobs
• B) 4 crore jobs
• C) 10 crore jobs
• D) D. 12 crore jobs

Answer: A) India generated over 8 crore (80 million) employment opportunities from 2017-18 to 2021-22, averaging more than 2 crore (20 million) jobs per year.