New Delhi | August 4, 2026
In a detailed briefing to lawmakers aimed at addressing growing concerns among Gen Z over job prospects, Union Minister for Labour and Employment Mansukh Mandaviya outlined the nation’s ten-year employment scorecard, revealing that India created over 17 crore jobs from 2014 to 2024.
Supported by figures from the Reserve Bank of India (RBI), the presentation highlighted a steady annual trajectory of 1.7 crore new opportunities, driving a sharp expansion in both formal sector employment and graduate employability.
Key Employment Metrics at a Glance
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10-Year Job Creation: 17 Crore+ Opportunities (RBI Source Data)
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Unemployment Benchmark: Declined to 3.1% in 2025 (Outperforming the global average of 4.8%)
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Youth Employment Level: Scaled past 41.4%
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Graduate Employability: Increased by 66%
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Manufacturing Sector Share: Rose to 25.14% of workforce participation
Catalysts & Public Expenditure Focus
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Mega Capital Expenditure: Mega infrastructure pushes across highways, rail networks, airports, and urban energy projects are estimated to generate 5.88 crore direct and indirect jobs.
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₹2 Lakh Crore Youth Outlay: Dedicated funding targeted at skilling, apprenticeship, and formal job creation for over 4.1 crore young adults.
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Targeted Rozgar Scheme: The PM Viksit Bharat Rozgar Yojana aims to generate 3.5 crore targeted jobs.
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Grassroots Entrepreneurship: Schemes like PM Mudra, PM Vishwakarma, and Lakhpati Didi continue to foster micro-entrepreneurship and self-employment.
Poverty Reduction & Social Safety Net Growth
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Multidimensional Poverty Reduction: 25 crore citizens transitioned out of poverty between 2014 and 2023 (NITI Aayog).
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Social Security Coverage: Expanded dramatically from 25 crore people (19%) in 2015 to 101+ crore people (68.4%) by 2026.
Key Summary
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Reporting Body: Ministry of Labour and Employment
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Data Sources: Reserve Bank of India, World Bank, PLFS, NITI Aayog
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Date of Briefing: August 4, 2026
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Domain Focus: Macro Unemployment Trends, Youth Workforce Integration, Infrastructure Capex & Social Security Nets
