India's startup ecosystem is growing, but more jobs are necessary to combat increasing unemployment rates
India's startup ecosystem is growing, but more jobs are necessary to combat increasing unemployment rates

Oops I Did It Again India's Unemployment Rate on the Rise

India's unemployment rate rose to 8.1% in April compared to 7.4% the previous month with the number of startups increasing by 37% leading to a 14% rise in startup jobs.

You Better Work (Not Just Gen Zers)

Young people make up 83% of all unemployed in India with entry level hiring not hitting the same levels as before due to pressures on hiring and profitability.

Stronger Than Yesterday Manufacturing Sector Jobs Surge

The manufacturing sector saw a 31% increase in jobs thanks to investments in autos chemicals pharmaceuticals and food processing showing a shift towards becoming the 'China plus one' strategy for electronics manufacturing.

Work B**** Technology Sector Growth

The IT sector experienced a 9% job growth overcoming the shortage of IT talent in the country with a layer of technology driving innovation in other sectors as well.


Comments

  • mewberry profile pic
    mewberry
    5/27/2024 5:38:00 PM

    If Britney can survive 2007, she can definitely tackle India's unemployment issue. Get it, girl!