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60 million jobs across 27 sectors in the country, see RBI figures here

Sagar Patel

By Sagar Patel

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Whoever is raising questions about employment and unemployment in the country. RBI has tried to silence all such people with its data. As per the RBI report, there are around 60 crore employment or rather labour force in 27 sectors in the country. The results of the Lok Sabha elections were out last month. The NDA alliance has come to power in the country for the third consecutive time. The opposition has also made unemployment a major issue throughout the election campaign. Let us also tell you what kind of data the RBI has presented regarding employment.

RBI presented figures

The number of people employed in 27 sectors, including agriculture, trade and financial services, rose by 3.31 per cent to 59.66 crore in the financial year 2022-23. This information was provided in the Reserve Bank of India (RBI) data released on Monday. Earlier, during the fiscal year 2021-22, employment in these 27 sectors stood at 57.75 crore. RBI has released this data on its website under the title Industry Level Productivity Measurement – ​​​​​​India KLEMS Data. Here KLEMS stands for Capital (K), Labour (L), Energy (E), Materials (M) and Services (S). The data covers 27 industries across the Indian economy.

These sectors provided so many jobs

According to the report, agriculture, hunting, forestry and fisheries sectors provided employment to 25.3 million people. This figure was 24.82 crore in 2021-22. Apart from this, notable employment generating sectors include construction, trade and transport and warehousing. RBI said the India KLEMS Database Edition-2024 document has been prepared to promote economic growth and research in its key areas.

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What will be the country’s fiscal growth?

The RBI raised its GDP growth estimates for the financial year 2024-25 during the MPC meeting in June. According to the RBI, India’s growth rate in the current financial year may be 7.20 per cent. While earlier the RBI had kept its estimate at 7 per cent. The special thing is that even in the current financial year, India will be the fastest growing economy compared to all the major countries in the world. On the other hand, foreign bank Citi Group estimated India’s growth rate at 7 per cent.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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