Business

Employment Surges By 36% Under NDA Government: Mansukh Mandaviya

On Thursday, Union Labour Minister Mansukh Mandaviya announced that employment in India grew by 36%, reaching 64.33 crore in 2023-24 from 47.15 crore in 2014-15. This growth reflects significant job creation during the NDA government’s tenure.

Addressing the media, Mandaviya highlighted that employment under the UPA government grew by only 7% between 2004 and 2014.

2.9 crore jobs were added during this period, compared to 17.19 crore jobs created under the Modi government between 2014 and 2024.

Additionally, he added that approximately 4.6 crore jobs created in the last fiscal year alone (2023-24).

The data gains importance amid rising pressure on the government to create jobs.

Mandaviya pointed out that employment in the agriculture sector declined by 16% during the UPA’s tenure (2004-2014) but grew by 19% during the Modi government’s tenure (2014-2023).

Similarly, the manufacturing sector witnessed only a 6% growth in employment under the UPA, compared to a 15% increase under the Modi government.

In the services sector, employment rose 25% during the UPA regime and 36% during the NDA tenure.

The unemployment rate (UR) fell from 6% in 2017-18 to 3.2% in 2023-24, while the employment rate (WPR) increased from 46.8% to 58.2% during the same period.

The Labour Force Participation Rate (LFPR) also grew significantly, rising from 49.8% in 2017-18 to 60.1% in 2023-24.

Highlighting the increase in formal sector employment, Mandaviya noted that over 4.7 crore youths (aged 18-28) joined the Employees’ Provident Fund Organisation (EPFO) between September 2017 and September 2024.

Also Read: Ambuja Cements Receives Approval For Merger With Adani Cementation Ltd

Mankrit Kaur

Recent Posts

Parag Jain Appointed New RAW Chief, 1989-Batch IPS Officer To Succeed Ravi Sinha

Mr Jain, a 1989-batch Indian Police Service (IPS) officer from the Punjab cadre, will take…

1 hour ago

Avinash Bhosale Sold ₹1,432 Crore London Hotel While In Custody, ED and CBI Probe Raises Alarms

Flora Development, a UK-based subsidiary of Bhosale’s ABIL Group, carried out the sale in August…

2 hours ago

Bihar Signs Mou With AAI To Develop Six Regional Airports Under Udan Scheme

The MoU follows the recent approval of the proposal by the State Cabinet. Hon’ble Chief…

2 hours ago

Rajasthan Sees Growing Demand For Extension Of Acting DGP Ravi Prakash Meharda

Ravi Prakash Meharda’s routine appointment as Rajasthan’s Acting DGP on 10 June has turned into…

3 hours ago

Paresh Rawal Confirms Return To Hera Pheri 3 After Legal Settlement With Akshay Kumar

Veteran actor Paresh Rawal has confirmed his return to Hera Pheri 3, following a legal…

4 hours ago

Adani Group & ISKCON Serve Nutritious Prasad To Pilgrims During Puri Rath Yatra 2025

This year’s Jagannath Rath Yatra in Puri witnessed a profound act of service as the…

4 hours ago