New Delhi | October 4,2025 | SKY LINK TIMES
India adds 17 Crore Jobs:
Reflecting India’s focus on youth empowerment and inclusive growth, the country witnessed a massive rise in employment — from 47.5 crore in 2017–18 to 64.33 crore in 2023–24, a net addition of 17 Crore jobs in six years, according to the Ministry of Labour and Employment data released on Saturday.
The government attributes this surge to youth-centric policies and its broader Viksit Bharat 2047 vision, aiming to create a skilled, self-reliant workforce.
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Unemployment Rate Drops to Record Low
The unemployment rate has dropped sharply from 6.0% in 2017–18 to 3.2% in 2023–24, signaling stronger job absorption across both rural and urban sectors.
“This growth is significant because GDP alone cannot reflect true development. Employment is the most vital macroeconomic indicator of real progress,” said an official statement from the ministry.
Women’s participation in the formal workforce has also grown, with 1.56 crore women joining over the past seven years — a milestone in gender-inclusive employment growth.
Rising Labour Force and Worker Ratios
According to the Periodic Labour Force Survey (PLFS), India’s Labour Force Participation Rate (LFPR) for people aged 15 and above rose from 49.8% in 2017–18 to 60.1% in 2023–24, while the Worker Population Ratio (WPR) increased from 46.8% to 58.2%.
Between June and August 2025, LFPR grew from 54.2% to 55%, and WPR rose from 51.2% to 52.2%, reflecting continuous improvement in job participation nationwide.
Sectoral Trends: Rural and Urban Divide
In the April–June 2025 quarter, agriculture remained the largest employer in rural India — engaging 44.6% of men and 70.9% of women.
Meanwhile, in urban areas, the tertiary sector (services) dominated, employing 60.6% of men and 64.9% of women, the data revealed.
On average, 56.4 crore individuals aged 15+ were employed, including 39.7 crore men and 16.7 crore women.
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Shift Toward Entrepreneurship and Formal Work
The Employees’ Provident Fund Organisation (EPFO) added 1.29 crore net subscribers in 2024–25 — double the 61.12 lakh added in 2018–19, highlighting a growing shift toward formal employment.
Self-employment also rose from 52.2% in 2017–18 to 58.4% in 2023–24, while casual labour declined from 24.9% to 19.8%, indicating a move toward entrepreneurship and independent work, aided by government startup and skill initiatives.
Employment Growth: A Sign of Economic Strength
Experts say India’s job growth not only boosts economic productivity but also enhances social stability and household income.
“Employment carries both economic and social weight. Real development comes when growth translates into productive, well-paying jobs,” the statement concluded.
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