RBI’s KLEMS database

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July 22, 2024

RBI’s KLEMS database

PM Modi, who was in city on Saturday for the groundbreaking of infrastructure works worth Rs 29,400 crore, said that in the last 3-4 years, around eight crore new jobs have been generated in India and this has silenced those making a false narrative about the country’s situation. This was the PM’s first visit to Mumbai after the Lok Sabha polls.
“The country’s people are clever, and the public is recognising this.

As soon as the new govt took oath, we took a step towards giving poor proper pucca homes and these included homes to several adivasis and Dalits too. Every infrastructure project leads to job creation, and with increase in its pace, employment generation is also increasing,” said PM Modi.
RBI’s KLEMS database released recently  stated that the growth in employment in the country doubled to 6% (provisional) in FY2024, compared to a 3.2% rise seen in FY2023. In absolute terms, the number of jobs increased by approximately 4.7 crore to 64.3 crore in FY2024. In FY2023, the total workforce stood at 59.7 crore. The data also showed that since FY2021, the country added 7.8 crore jobs.


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RBI’s KLEMS database | Vaid ICS Institute