India added 4.7 cr jobs in FY24: RBI data ...Middle East

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Mumbai: India added nearly 4.7 crore jobs during 2023-24, taking the total number of employed people to 64.33 crore spread over 27 sectors covering the entire economy, according to Reserve Bank data. The number of employed people was 59.67 crore at the end of March 2023, said the RBI’s update on ‘Measuring Productivity at the Industry Level-The India KLEMS [Capital (K), Labour (L), Energy (E), Material (M) and Services (S)] Database’. Using the Tornqvist Aggregation formula, the RBI said the annual growth in employment during 2023-24 was 6 per cent compared to 3.2 per cent in the year-ago period. In the last five years, the India KLEMS database revealed that total emp

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Last updated : 09 July 2024 clock 02:05 PM

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