Employment in India Up by 36% : Center Reports

Current Context: The report is based on data from the Reserve Bank of India’s KLEMS database, which includes surveys like the Employment and Unemployment Survey (EUS) and the Periodic Labour Force Survey (PLFS).

• This data was released by the Ministry of Labour and Employment on October 5, 2024.
• Key highlights from the report include:
• Employment in India increased by 36% between 2016-17 and 2022-23, adding approximately 17 million jobs.
• During the same period, India’s GDP grew at an average rate of over 6.5%.
• The Worker Population Ratio (WPR) increased by 9 percentage points, or nearly 26%, from 2017 to 2023.
• The report emphasizes that the growth has been driven by consumption, indicating that employment generation is occurring.
• This data counters the narrative of “jobless growth” and highlights significant employment growth across key sectors in India.

Question:

1 What is the percentage increase in employment in India between 2016-17 and 2022-23, according to the report based on RBI's KLEMS database?

• A) 26%
• B) 56%
• C) 46%
• D) 36%

Answer: D) The report indicates that employment in India increased by 36% between 2016-17 and 2022-23, adding approximately 17 million jobs.