India must labour to generate 78.5 lakh non-farm jobs every year

The Economic Survey estimated that India needs to generate 78.5 lakh jobs annually in the non-farm sector until 2030 to accommodate the rising workforce. The private sector is urged to contribute, with existing schemes like the production-linked incentive and MITRA textile scheme playing crucial roles. The survey highlighted the importance of easing compliance burdens and reforming laws to facilitate hiring. It also emphasized the need for businesses to balance capital and labour deployment, considering their responsibility for employment generation and social stability. Current labour regulations were noted to have adverse effects, particularly on women, hindering manufacturing sector growth