Maharashtra one of five top performer states in ‘Outlook Start-Up Outperformers 2023’ rankings
Reportedly the employment scenario in the state has improved significantly under the nda government. Since august 2022, the number of government jobs awarded went up by 123 per cent under the nda government. Between 2019-2022, the MVA created only 25,782 government jobs. In contrast, the nda government has generated approximately 57,452 jobs between 2022 and 2024.
Few are the trends in Employment Data
The Periodic Labour Force survey (PLFS) data shows a consistent decline in the unemployment rate, dropping from 3.5 per cent during 2020-21 to 3.3 per cent by 2023-24.Employment rate increased from 55.9 per cent in 2021-22 to 57 per cent in 2023-24Female employment rate (WPR) rose from 37.3 per cent in 2021-22 to 39.1 per cent in 2023-24.Youth employment rate went up from 38 per cent in 2021-22 to 40.1 per cent in 2023-24.Meanwhile unemployment among the educated youth in maharashtra was at 15 per cent, which has declined from 19 per cent in 2019 under MVA and is lower than the all-India average at 21.84 per cent. The trends show that the MVA government led by uddhav thackeray failed to prioritise employment generation and formalisation. In contrast, the nda government has made formal sector employment a priority to not just create more jobs but ensure higher-quality jobs that support long-term economic stability.To expand the outreach of employment programs, the nda government organised around 1,138 job fairs between FY-2022 and 2024. These fairs led to a significant increase in number of jobs created, which reached 1.51 lakh. The share of the manufacturing sector in employment also showed a positive trend, increasing substantially from 16.68 per cent in 2019-20 under MVA to 20.57 per cent in 2023-24 under Mahayuti.