Labour ministry rebuts Citigroup's research report on employment in India

The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate.

The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey (PLFS) and the Reserve Bank of India's KLEMS data."

The recent research report by Citigroup on employment in India, quoted by some of the print and electronic media, forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate.

Ministry of Labour and Employment strongly rebuts such reports which do not analyse all official data sources available in the public domain, it said.

According to PLFS and RBI's KLEMS data, India has generated more than 8 crore (80 million) employment opportunities from 2017-18 to 2021-22.

This translates to an average of over 2 crore (20