The share of women in regular salaried jobs in urban India is at its lowest point in four years, according to the latest government data. That’s because India, despite its rapid economic growth, has chronically failed to create formal, productive jobs quickly enough.
In October, white-collar job hiring in India experienced a 1% sequential decline and a 3% year-on-year decrease, impacted by heightened geopolitical tensions and macroeconomic challenges, according to findings from talent platform foundit (formerly Monster APAC & ME). Despite this, sectors tied to festive and year-end demand, such as hospitality, travel, tourism, retail, and shipping and marine, witnessed increased recruitment activity.
The National Sample Survey Office (NSSO) data Monday reported a decline in India’s unemployment rate in urban areas to 6.6% during April-June 2023 against 7.6% a year ago period