While a massive 4.67 crore additional jobs were created in the Indian economy in the financial year ended March 2024, the fast pace of employment generation has continued into 2024-25 in both the formal and informal sectors, official data shows.
The estimated number of establishments in India’s Unincorporated Sector recorded a robust 12.84 per cent growth during October 2023–September 2024, compared to the same period of the previous year, according to the annual survey of the Ministry of Statistics released on Tuesday.
The country is at a critical juncture ahead of today’s Union Budget, grappling with significant economic challenges.
According to the National Statistical Office (NSO) data, West Bengal lost 3 million jobs in unincorporated enterprises during the seven years from 2015-16 to 2022-23, topping the chart among the worst-performing states.
