After the Union Budget was announced, Hyundai announced new employment opportunities for several hundred ITI students across nine states as part of its skill development scheme.
Outlining the growth strategy for Amrit Kaal, the Economic Survey 2023-24 reiterates the importance of private sector investment particularly in machinery, equipment, structures, software and R&D.
The analysis of two official databases shows that the formal manufacturing sector barely added any jobs since 2015-16, while the informal portion saw job losses.
To harness India's demographic dividend, govt must create non-farm jobs for millions of migrants who returned to villages, educated youth, and the openly unemployed.
RBI’s Consumer Confidence Survey released Friday also shows that a larger share of people had cut back on essential & non-essential spending as compared to July.
More than half of the 900 million Indians of legal working age don’t want a job, according to CMIE. Between 2017 and 2022, the overall labor participation rate dropped from 46% to 40%.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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