Employment Growth Rate In India Was 6% Last Year, Says RBI
NDTV
Analysts linked the lack of jobs and high inflation with PM Modi's failure in polls last month to win a majority in the directly elected house of the parliament, meaning he had to rely on allies to return to power for a third term.
The Reserve Bank Of India said on Monday that India added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates.
The employment growth rate was 6% in 2023/24 versus 3.2% in 2022/23, the RBI data on measuring industry level productivity and employment showed.
Analysts linked the lack of jobs and high inflation with PM Modi's failure in polls last month to win a majority in the directly elected house of the parliament, meaning he had to rely on allies to return to power for a third term.
