This Describe about the Job Market available in India, Metro cities. –
Around 39.1% of India’s total population is currently officially employed That leaves a staggering 60.9% of people still without a job, or without the need of a workplace. 501 million workers were registered in India, as of 2020 India comes in second place when it comes to the numbers of workers, only after China.
Indian economy is on the path of achieving the Prime Minister’s vision of a USD 5 trilliondollar economy by 2024-25. Economic growth positively affects job creation. Last year,
Budget 2021-22 had provided a sharp increase in provision for public investment to boost
economic activity. With the Prime Minister Narendra Modi guiding the implementation,
economic recovery in the country is continuing to benefit from the multiplier effect.1 Budget
2022-23 has further provided a strong impetus for growth, with capital expenditure being
stepped up sharply by 35.40 per cent, to Rs 7.50 Lakh crore from Rs 5.54 Lakh crore in the
current FY. This outlay, which is approximately 2.9 per cent of GDP, shall not only boost
economic activity but also concurrently improve the employment situation in the country.
Current Macro Economic Trends
The sustained push by the Government to infuse funds and give a fillip to the country’s
economy has begun to bear results in spite of the huge setback and disruptions caused by the
COVID-19 pandemic over the past two years. Certain economic indicators such as job
enrolments in the organised sector, rise in number of new companies registered, growth of
start-ups and rapid rise in number of Unicorns in the country, rise of employment
opportunities in new sectors such as AI, cloud computing, data analytics, automation under
IT/ITES, etc. clearly point towards an increase in creation of jobs in the country.