India's Modi boasts record job creation amid opposition's attack

Employment growth rate provisionally doubled to 6% in last fiscal year, RBI says

20240718 India construction

Laborers work at a construction site on a hot summer day in Noida, India. Indian Prime Minister Narendra Modi says investments on infrastructure are creating jobs. © Reuters

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- Indian Prime Minister Narendra Modi, who has been exchanging volleys with the opposition camp regarding the country's employment situation, recently received some ammunition from the central bank, which now estimates India's employment growth rate surged to 6% for the financial year through March, nearly double the 3.2% recorded the previous 12 months.

In a report released earlier this month, the Reserve Bank of India shared provisional data for the just-ended fiscal year showing India added 46.66 million jobs during the 12 months, taking the total number to 643.33 million in the South Asian nation of 1.4 billion.

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