India's working-age population to grow by 179 million by 2045, boosting economic prospects.
India's working-age population is set to grow by 179 million by 2045, boosting economic prospects, according to a Jefferies report. Currently at 961 million, the country enjoys a five-year low unemployment rate. Increased female labor force participation is crucial for this expansion, despite a predicted slowdown to 6 million new entrants by 2030. Overall employment rose to 64.33 crore in 2023-24, up from 47.15 crore in 2014-15, highlighting positive demographic trends.
September 15, 2024
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