unemployment reduction
India's Labour Reforms Expected to Create 77 Lakh New Jobs and Boost Formal Employment
Nov 25, 2025 02:56 pm CST
New labour codes in India could reduce unemployment by 1.3% and generate 77 lakh jobs according to a State Bank of India report. The reforms will increase formal workforce to 75.5%, improve social security coverage to 85%, and boost consumption by Rs 75,000 crore, significantly strengthening India's labour ecosystem and economic growth.
India's Transformative Labour Codes: Balancing Worker Welfare and Business Efficiency in a Growing Economy
Nov 21, 2025 08:56 pm CST
India's new Labour Codes mark a significant transformation of the country's employment landscape, consolidating 29 laws into four comprehensive codes that balance worker protection with business efficiency. With employment growing from 47.5 crore to 64.33 crore in six years and unemployment falling to 3.2%, these reforms introduce single registration systems, expanded social security coverage, gender equality provisions, and modernized workplace regulations designed to create a more equitable and growth-oriented economy.