SBI Report Unveils India's Robust Job Growth with Over 125 Million New Employments

Wednesday, 10 July 2024, 16:20
The SBI report highlights the significant increase in job creation in India, showcasing over 125 million new job opportunities between FY14 and FY23. Moreover, the data emphasizes the remarkable achievement in employment numbers by micro, small, and medium enterprises (MSMEs), surpassing the 200 million mark. This growth signifies a substantial contribution to India's workforce development and economic progress.
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SBI Report Unveils India's Robust Job Growth with Over 125 Million New Employments

The SBI Report Findings

The report identified a remarkable surge in job creation, surpassing 125 million between FY14 and FY23.

Growth in MSME Employment

MSMEs registered with the Ministry have exceeded 200 million employments, indicating a positive trend in job generation.

Conclusion: The statistics from the SBI report reflect a robust job market in India, with significant contributions from MSMEs towards employment growth and economic development.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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