Employment in India has surged to 64.33 crore in 2023-24 from 47.5 crore in 2017-18, marking a net addition of 16.83 crore jobs over six years, according to data released by the Ministry of Labour and Employment on Friday. The unemployment rate has plummeted from 6.0 per cent in 2017-18 to 3.2 per cent in 2023-24, while 1.56 crore women have joined the formal workforce in the past seven years, reflecting the government’s push for youth-centric policies and its vision of a developed India by 2047.

As one of the fastest-growing economies, India is poised to supply nearly two-thirds of new workforce entrants globally in the coming years, as per the World Economic Forum’s Future of Jobs Report 2025. The growth in employment underscores that gross domestic product alone does not capture a nati

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