India Requires 78.5 Lakh Non-Farm Jobs Annually by 2030: Economic Survey 2023-24

The Economic Survey 2023-24, presented by Finance Minister Nirmala Sitharaman, underscores the urgent need for India to create 7.85 million non-farming jobs annually through 2030 to address youth unemployment. The survey highlights the impact of the fourth industrial revolution, emphasizing the transformative role of AI, which poses risks to the BPO sector but offers productivity gains. It recommends enhancing existing employment schemes, such as PLI and MITRA Textile, and advocates for social security reforms for gig workers. The survey also notes the potential for job creation in agriculture, elder care, and the care economy, alongside the challenges posed by climate change.\r