India’s Finance Ministry’s economic review highlights positive trends in employment, with a decrease in unemployment to 3.1% in 2023 and increased labour force participation. The RBI’s KLEMS database shows post-COVID labor market revival, with notable growth in non-agricultural sectors. Manufacturing sector resilience is noted, particularly in states like Tamil Nadu, Gujarat, and Maharashtra, with a shift towards higher value-added industries. Robust investment activity, strengthened private consumption demand, and positive inflation outlook contribute to the optimistic economic scenario.
India’s Economic Review: Employment Grows, Manufacturing Sector Resilient
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/03/23102718/newindianexpress_2024-03_499a3390-28b3-42ee-bc65-8019cfb2ee81_FinMin_indicates-ezgif.com-avif-to-jpg-converter-860x495.jpg)