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Key Points

India has achieved the remarkable milestone of having the lowest unemployment rate among all G20 nations at just 2%. This success is attributed to comprehensive government initiatives and rapid economic growth across multiple sectors. The National Career Service portal has become a massive employment hub with over 7 crore vacancies mobilized and 52 lakh registered employers. The government has also launched a massive Rs 2 lakh crore package specifically targeting youth employment and skill development programs.

Key Points: India Has 2% Unemployment Rate Lowest Among G20 Nations

  • India achieves lowest unemployment rate among G20 nations at just 2%
  • National Career Service portal mobilizes over 7.22 crore vacancies nationwide
  • Government launches Rs 2 lakh crore package for youth employment and skilling
  • New partnerships with Amazon and Swiggy create nearly five lakh job opportunities
3 min read

India's unemployment rate is 2 % according to World Economic Forum, making it lowest among G20 nations: Dr Mansukh Mandaviya

Union Minister Dr Mansukh Mandaviya cites World Economic Forum data showing India's 2% unemployment rate is the lowest among all G20 countries, highlighting government employment schemes.

"The National Career Service platform... is now evolving to offer not just job listings, but as a one-stop solution for all employment-related services - Dr Mansukh Mandaviya"

New Delhi, September 9

Quoting the World Economic Forum's 'The Future of Jobs Report 2025', the Union Minister for Labour & Employment and Youth Affairs & Sports Dr Mansukh Mandaviya stated that India's unemployment rate is 2 per cent, which is the lowest among the G20 nations.

New Delhi [India], September 9 (ANI): Quoting the World Economic Forum's 'The Future of Jobs Report 2025', the Union Minister for Labour & Employment and Youth Affairs & Sports Dr Mansukh Mandaviya stated that India's unemployment rate is 2 per cent, which is the lowest among the G20 nations.

He highlighted how employment generation has taken place across sectors in tandem with India's rapid economic growth, and underlined the enabling government schemes that have contributed towards the same, said the Ministry of Labour & Employment.

The Union Minister was addressing the gathering in New Delhi at the signing of Memorandums of Understanding (MoU) between the Ministry of Labour & Employment and 'Mentor Together' and 'Quikr' for enhancing employment opportunities as well as youth employability on the National Career Service (NCS) Portal.

The MoU was signed in the presence of Union Minister for Labour & Employment, Dr. Mansukh Mandaviya and Union Minister of State for Labour & Employment, Sushri Shobha Karandlaje.

In his address, Dr. Mandaviya said, "The National Career Service (NCS) platform, with nearly 52 lakh registered employers, 5.79 crore job seekers and over 7.22 crore vacancies mobilised, is now evolving to offer not just job listings, but as a one-stop solution for all employment-related services. Currently, there are over 44 lakh active vacancies on the portal. Over the past year, the Ministry has signed MoUs with ten key organisations, including Amazon and Swiggy. These partnerships have already mobilised nearly five lakh vacancies."

Highlighting the Government's renewed focus on youth, Dr Mandaviya recalled that, at the very start of its third term, Prime Minister Narendra Modi had announced a package of five flagship schemes with a total budget of Rs 2 lakh crore to support employment, skilling, and opportunities for 4.1 crore youth.

A key highlight of this package is the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), with an allocation of ₹99,446 crore, aimed at incentivising the creation of over 3.5 crore jobs in two years, of which 1.92 crore will benefit first-time entrants to the workforce.

The Minister further underscored the importance of employment creation through the growth of services, manufacturing, and agriculture, noting that the Government has launched transformative schemes such as MUDRA and PM SVANidhi to promote self-employment and entrepreneurship.

- ANI

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Reader Comments

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Priya S
While the numbers look impressive, I hope this includes quality employment and not just any jobs. Many graduates are still struggling to find suitable positions with decent pay.
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Arjun K
The partnerships with companies like Amazon and Swiggy are smart moves. Digital India creating real employment opportunities! 🚀
S
Sarah B
As someone working in HR, I've seen the NCS portal improve significantly. The 2% figure seems surprisingly low though - I wonder how they're measuring unemployment.
V
Vikram M
MUDRA loans have helped my small business tremendously. Government schemes are actually reaching common people and creating self-employment opportunities. Jai Hind!
M
Michael C
Impressive achievement for a country of 1.4 billion people. The scale of these employment programs is mind-boggling. Other developing nations should study India's approach.
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Ananya R
Hope the 2 lakh crore package reaches tier 2 and 3 cities too. Metro cities get most opportunities while smaller towns need more focus. Overall good progress though! 👍

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