Employment growth needs 12million non-farm jobs in post-COVID period till 2029-30: McKinsey Report

In its report, ‘India’s turning point – An economic agenda to spur growth and jobs’, it said about 90 million additional people would be in search of non-farm jobs from 2022-23 to 2029-30. McKinsey says that India’s GDP will need to grow by 8.0 to 8.5% annually over the next decade. The economy grew at just 4.2% in the fiscal year 2020