Jobs
India Refutes Citigroup’s Employment Report Alleging Data Gaps
- Group’s economists said that unemployment is poised to rise
- Government pointed at official records to rebut the claim
Commuters in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
The Indian government rejected a Citigroup report claiming that the country will struggle to create enough jobs even if the economy grows at 7% annually.
India’s Ministry of Labour and Employment on Monday said in a statement that the authors failed to consider the positive trends and comprehensive data from official sources, asserting that the Asian nation has generated more than 80 million jobs in the five years through 2022.