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India must create 78.5 lakh jobs annually to meet workforce needs
Updated On: 23 July, 2024 09:50 AM IST | New Delhi | Agencies
Economic Survey highlights urgency for non-farm job generation and reforms to adapt to global employment shifts and automation
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Chief Economic Advisor V Anantha Nageswaran addresses a press conference. Pic/PTI
The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce, according to the Economic Survey for 2023-24. The Survey tabled in Parliament on Monday provided a broad estimate of the number of jobs that the economy has to generate.
It further said that everyone in the working age will not seek jobs. Some of them will be self-employed and some of them will be employers too. More than jobs, the Survey added, economic growth is about generating livelihoods. Governments at all levels and the private sector will have to strive together for it. It said that the share of agriculture in the workforce will gradually decline from 45.8 per cent in 2023 to 25 per cent in 2047.
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