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'Need to generate 78.5 lakh jobs in non-farm sector till 2030'
Millennium Post Delhi
|July 23, 2024
The Survey tabled in Parliament on Monday provided a broad estimate of the number of jobs that the economy has to generate
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The Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the nonfarm sector to cater to the rising workforce, according to the Economic Survey for 2023-24.
The Survey 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.
“Consequently, the Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the nonfarm sector to cater to the rising workforce,” the Survey said.
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