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India's employment provisionally grew at 6% in FY24, shows RBI data The release of the data follows a Citibank report last week which said growth of close to 7 per cent will only create 8 million to 9 million jobs in India, short of the 11 million to 12 million needed India provisionally created 46.7 million jobs in the financial year ended March 2024, taking the country's total employment to 643.3 million, a Reserve Bank of India (RBI) report showed on Monday. The country's employment growth rate stood at 6 per cent in that fiscal year, versus 3.2 per cent in the previous fiscal year, the RBI's report on measuring industry level productivity and employment showed. The report, a routine release from the central bank, has traditionally only shown historical numbers. On Monday, however, the central bank said it is attempting a provisional estimate of productivity for the total economy for the first time for the financial year 2023/24 based on available information. ©SHIRSENDU KARMAKAR #India

India's employment provisionally grew at 6% in FY24, shows RBI data The release of the data follows a Citibank report last week which said growth of close to 7 per cent will only create 8 million to 9 million jobs in India, short of the 11 million to 12 million needed India provisionally created 46.7 million jobs in the financial year ended March 2024, taking the country's total employment to 643.3 million, a Reserve Bank of India (RBI) report showed on Monday. The country's employment growth rate stood at 6 per cent in that fiscal year, versus 3.2 per cent in the previous fiscal year, the RBI's report on measuring industry level productivity and employment showed. The report, a routine release from the central bank, has traditionally only shown historical numbers. On Monday, however, the central bank said it is attempting a provisional estimate of productivity for the total economy for the first time for the financial year 2023/24 based on available information. ©SHIRSENDU KARMAKAR #India