self employment

Investment strategist Saurabh Mukherjea warns of a decline in white-collar employment in India due to automation and AI. He suggests that traditional salaried jobs are becoming unsustainable, particularly in sectors like IT and finance. Mukherjea advocates for entrepreneurship, supported by India's digital infrastructure, as a viable alternative for the educated workforce.

Prime Minister Narendra Modi, during a virtual event distributing employment letters to over 51,000 new recruits, emphasized the crucial role of government employees in bolstering India's internal security. His address, following the Pahalgam attack and amid concerns about Pakistan's destabilizing efforts, urged the new recruits to dedicate themselves to strengthening the nation's economy, infrastructure, and the lives of workers.

Khadi and Village Industries Commission achieves a historic milestone. Turnover surpasses ₹1.70 lakh crore for the first time. Production and sales see significant growth over the past 11 years. Employment generation rises, benefiting nearly 2 crore individuals. Pradhan Mantri Employment Generation Programme supports rural employment. Gramodyog Vikas Yojana receives increased funding. KVIC distributes machines and toolkits to boost micro-enterprises.

The World Bank reports India lifted 171 million people out of extreme poverty between 2011-12 and 2022-23, reducing it to 2.3%. Using a $3.65/day poverty line, 378 million were lifted out of poverty. While significant progress occurred, challenges remain, including youth unemployment and gender disparities in employment, despite rising employment rates.