Employment in India

This decrease, as per the data from the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on Wednesday, indicates a sustained advancement in the job markets. Particularly noteworthy is the decrease in female unemployment rates, which decreased from 9.2% in the first quarter of 2023 to 8.5% in the corresponding period of 2024.

According to a report released by talent platform foundit (previously known as Monster APAC & ME), a significant portion—approximately 53 percent—of these job openings are earmarked for fresh talents.

BetterPlace, a SaaS and frontline workforce management platform, conducted a comprehensive year-end insights report analyzing over a million data points.

One of the most significant outcomes of the PLI schemes has been the generation of employment opportunities, directly and indirectly benefiting over 6.4 lakh individuals.

They also said the company in its runup to the initial public offering (IPO) is in the process of getting converted into a public limited company and raising Rs 200 crore out of which Rs 150 crore will be for four acquisitions.