Employment in India- More than 1

Employment in India: More than 1.38 crore formal jobs added, Worker Population Ratio touched 56 per cent

About 1.38 crore formal jobs were created in India in 2022-23, according to the data of the Employees Provident fund. In a written reply to the Rajya Sabha, Minister of State for Labour and Employment Rameshwar Teli, shared that the Worker Population Ratio (WPR) improved from 52.9 per cent in 2021-22 to 56 per cent in 2022-23 as per the Periodic Labour Force Survey (PLFS).

The written response mentioned various initiatives for creating jobs, such as increased investment in infrastructure. The capital investment in the annual budget has increased by 33 per cent to Rs 10 lakh crore, about 3.3 per cent of the Gross Domestic Product. This has created jobs in various sectors through a multiplier effect.

According to the Minister, initiatives such as the Aatmanirbhar Bharat Rojgar Yojana, under the Aatmanirbhar Bharat package, worked towards incentivising employers for the creation of job opportunities and restoration of jobs. Similarly, Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme has supported 60.98 lakh street vendors by micro-loans, the platform’s dashboard showed.

Production Linked Incentive Schemes

Other than this, initiatives such as Mudra loans for micro and small businesses and Production Linked Incentive schemes worth Rs 1.97 lakh crore to attract global manufacturers and create 60 lakh new jobs have been launched over the past, the written response stated.

Initiatives for skill development

For skill development, initiatives such as PM Kaushal Vikas Yojana (PMKVY), under Skill India Mission for skill-based training of the youth across the country — including youth belonging to rural areas under Short Term Training (STT) courses and Recognition of Prior Learning (RPL) — is managed by the Ministry of Skill Development and Entrepreneurship, MoS for Labour and Employment further shared.