MORE THAN 17.6 MILLION PEOPLE JOINED THE WORKFORCE IN FY24—THE HIGHEST SINCE FY17. OF THEM, 16.1 MILLION JOINED THE SERVICES SECTOR, THE BIGGEST EMPLOYMENT PROVIDER, MAKING UP 39% OF THE TOTAL JOBS. HERE’S WHAT THE NUMBERS SHOW
Barbers employed at a small shop in Faridabad, Haryana (Photo: Arun Kumar)
11%: Growth in services sector jobs; the total workforce stands at 164.5 million vs 148.5 million in FY23
9.6 million: Jobs created in personal non-professional services (barbers, carpenters, etc.), making up 60% of new jobs in the services sector
423.3 million: Current size of the total workforce in India, which grew 4.3% year-on-year
44%: Share of trading services in services sector jobs, followed by personal non-professional services (18%) and tourism (13%)
MORE THAN 17.6 MILLION PEOPLE JOINED THE WORKFORCE IN FY24—THE HIGHEST SINCE FY17. OF THEM, 16.1 MILLION JOINED THE SERVICES SECTOR, THE BIGGEST EMPLOYMENT PROVIDER, MAKING UP 39% OF THE TOTAL JOBS. HERE’S WHAT THE NUMBERS SHOW