Archive · 23 Jul 2025
India's Formal Jobs and Self-Employment on the Rise, Ministry Says
In India, more people are getting formal jobs and starting their own businesses, according to the government.
More people are also joining the Employees Provident Fund.
Fewer people are working casual jobs.
More people are looking for work and finding it.
Unemployment, especially among young people, is going down.
This is all because of initiatives by the government.
Wages are also up, meaning people are earning more and jobs are becoming more stable.
Formal employment in India is rising, with substantial net subscriber growth for EPFO.
Self-employment is increasing, while casual labor is declining, indicating a shift towards autonomous livelihoods.
The labor force participation rate (LFPR) and worker-population ratio (WPR) have increased significantly.
Unemployment rates, especially among youth, have decreased, falling below the global average.
Average wages for casual laborers and monthly earnings for salaried employees have increased.
- Who
- The statistics ministry
- What
- Formal employment and self-employment are on the rise in India.
- When
- Data spans from 2017-18 to 2023-24, with more recent data up to April 2025.
- Where
- India
- Why
- To provide an overview of the current employment landscape in India.
- Net EPFO Subscribers (FY25)
- Nearly 13 million
- Self-Employment Increase
- 52.2% to 58.4%
- LFPR (2017-18)
- 49.8%
- LFPR (2023-24)
- 60.1%
- Youth Unemployment Rate
- 10.2%
- Total Employment (2017-18)
- 475 million
- Total Employment (2023-24)
- 643 million