India Inc's salary hike expected to rise to 9.5% in 2025
Engineering, manufacturing and retail industries project double-digit increases at 10%, closely followed by financial institutions at 9.9%, says Aon study
Engineering, manufacturing and retail industries project double-digit increases at 10%, closely followed by financial institutions at 9.9%, says Aon study
The ministry says it strongly rebuts such reports which do not analyse all official data sources available in the public domain.
Labor-intensive industries like manufacturing, goods and transport services, construction, and real estate are struggling with significant challenges related to the lack of formal job structures
GDP growth and manufacturing push have not produced adequate quality jobs for decades
Around 84% of employers expect an increase in hiring in October-March 2023, and 67% predict business growth, says a report
Of 8.92 lakh new members added in the period, around 2.26 lakh are females
Since 2019, the pace of regular wage job creation decreased due to the growth slowdown and the pandemic, the report by Azim Premji University says
Share of women payroll around 27%; more people might be deciding to stick to their current jobs, says SBI Research’s Soumya Kanti Ghosh
Urban joblessness rate rises to 9.81% in April, while the rural unemployment rate eased to 7.34%
In urban areas, unemployment rate was 8.5% in March 2023, up from 7.9% in Feb 2023, while in rural areas, it stood at 7.4%, up from 7.2% in previous month