New Delhi: Union Labor and Employment Minister Mansukh Mandaviya, citing Reserve Bank of India data, said the government had significantly increased employment in the last decade, with the United Progressive Alliance (UPA) between 2004 and 2014. About five times more jobs were created than during the RBI) and Employees Provident Fund Organization (EPFO).

Union Labor and Employment Minister, Mansukh Mandaviya, in an exclusive interaction with ANI, said, “According to RBI data, not my own, between 2004 and 2014, during the 10 years of UPA, 2.9 crore jobs were created. And in 2024, 4.9 crore jobs were created in just one year, and I am quoting RBI data”.

The data highlighted that between 2004 and 2014, the UPA government created 2.9 crore additional jobs. In contrast, the Modi government created 17.19 crore new jobs during its tenure from 2014 to 2024. 4.6 crore jobs were created in the year 2023-24 alone.

“Under Modiji’s leadership, the NDA government has created a total of 17.6 crore jobs in the 10-year period from 2014 to 2024. These figures are not mine, but RBI figures,” Mandaviya added. are from”.

According to statistics, employment growth under UPA was a meager 6% in ten years. However, under the current government, employment has increased by 36 percent, reflecting a significant shift in policy focus and implementation.

The agriculture sector, which saw a 16 percent decline in employment during the UPA regime, experienced a growth of 19 percent from 2014 to 2023. The manufacturing sector also saw significant growth, with employment increasing by 15 percent over the previous 10 years. Only 6 percent under UPA.

The services sector, a key contributor to the economy, is set to grow by 36 percent between 2014 and 2023, compared to a growth rate of 25 percent between 2004 and 2014.

According to the data, India’s unemployment rate (UR) is expected to decline from 6 percent in 2017-18 to 3.2 percent in 2023-24. Employability of graduates has improved significantly, rising from 33.95 percent in 2013 to 54.81 percent in 2024.

Youth employment has also seen a significant increase, with the employment rate increasing from 31.4 percent in 2017-18 to 41.7 percent in 2023-24. Additionally, over 4.7 crore youth in the age group of 18-28 joined the formal job market under EPFO ​​between September 2017 and September 2024.

The data indicate significant changes in India’s employment landscape over the past decade, with notable increases in job creation, increased labor force participation, and sector-wise improvements.

These changes reflect a significant shift in employment trends over the past decade, affecting various aspects of the economy and workforce. It has an effect. (ANI)