India has achieved a remarkable milestone with its unemployment rate dropping to just 2%, the lowest among all G20 countries, as stated by Union Minister for Labour and Employment Dr. Mansukh Mandaviya. He cited the World Economic Forum’s “Future of Jobs Report 2025” during a recent event in New Delhi, highlighting how rapid economic growth across sectors like services, manufacturing, and agriculture has fueled massive job creation. Government schemes have played a key role, aligning employment opportunities with India’s fast-paced expansion.
This achievement comes amid strong initiatives like the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), backed by Rs. 99,446 crore to generate over 35 million jobs in two years, benefiting 19.2 million first-time job seekers. The National Career Service (NCS) portal supports this with 5.2 million registered employers, 57.9 million job seekers, and over 72.2 million job openings posted so far, including 4.4 million active vacancies. Partnerships with firms like Amazon, Swiggy, Mentor Together, and Quikr have added nearly 500,000 jobs through MoUs.
Dr. Mandaviya emphasized self-employment drives like MUDRA and PM SVANidhi, alongside a Rs. 2 lakh crore package for skilling 41 million youth. This positions India as a global leader in employment, outshining G20 peers and signaling robust recovery post-pandemic. As the economy grows at 7-8% annually, these efforts ensure inclusive job growth, boosting investor confidence and youth empowerment in 2026.
FAQs [Frequently Asked Questions]
1. What is India’s current unemployment rate and its global ranking?
India’s unemployment rate is 2%, the lowest among G20 nations, as per World Economic Forum’s Future of Jobs Report 2025, announced by Dr. Mansukh Mandaviya. This reflects strong job creation across sectors amid rapid economic growth.
2. How does the National Career Service portal aid employment?
The NCS portal has 5.2 million employers, 57.9 million job seekers, and 72.2 million openings, with 4.4 million active vacancies. MoUs with Amazon and Swiggy have generated 500,000 jobs for youth.
3. What government schemes drive this low unemployment?
PM-VBRY (Rs.99,446 crore) targets 35 million jobs, part of a Rs. 2 lakh crore package for 41 million youth. Schemes like MUDRA and PM SVANidhi promote self-employment in services, manufacturing, and agriculture.