Labour ministry rebuts Citigroup's research report on employment in India

The Ministry of Labour and Employment in India rebutted a Citigroup report predicting insufficient job creation despite a 7% growth rate. Citing official data from the Periodic Labour Force Survey (PLFS) and the Reserve Bank of India’s KLEMS, the ministry highlighted the creation of over 80 million jobs from 2017-18 to 2021-22. Key labor market indicators, such as the Worker Population Ratio (WPR) and Labour Force Participation Rate (LFPR), showed significant improvement, with the unemployment rate dropping from 6% to 3.2%. The ministry emphasized the credibility of official data over private sources, attributing positive trends to government initiatives.