Employment in 27 sectors rises3.31 pc in 2022-23: RBI data
   Date :09-Jul-2024

RBI data
THE number of persons employed in 27 sectors, including agriculture, trade and financial services, increased by 3.31 per cent year-on-year to 59.66 crore in 2022-23, according to data published by the RBI on Monday. During 2021-22, the employment in these 27 sectors stood at 57.75 crore. The Reserve Bank of India (RBI) has placed on its website an update on ‘Measuring Productivity at the Industry Level-The India KLEMS [Capital (K), Labour (L), Energy (E), Material (M) and Services (S)] Database’.
The database covers 27 industries comprising the entire Indian economy. It comprises the Data Manual 2024 and time-series data on productivity for 27 industries covering the period 1980-81 to 2022-23. The ‘agriculture, hunting,forestry and fishing’ hademployed 25.3 crore individuals, up from 24.82 crore in 2021-22. Construction, trade, andtransport and storage wereamong the leading employment provider segments. The RBI saidthe documentdescribes the procedures, methodologies andapproaches usedin the construction of India KLEMS databaseversion 2024. “The productionand publication of India KLEMSdatabase are meant to supportempirical research in the areaof economic growth and itssources,” the RBI said.The database is meant to support theconduct of policies aimed atsupporting the acceleration ofproductivity growth in theIndian economy, it added