PM Modi addresses Rozgar Mela; says Indian economy on rise with growing employment, spike in manufacturing

Referring to initiatives like Mudra Scheme and Startup India, PM Modi said youngsters are becoming job creators

June 13, 2023

Under Rozgar Mela, PM to distribute about 70,000 appointment letters to newly inducted recruits

On Tuesday Prime Minister Narendra Modi said that the Indian economy is on the rise being fueled by a spike in manufacturing activity and growing employment despite the growing geopolitical tensions.

Addressing the new recruits in various government departments at a ‘Rozgar Mela‘ where more than 70,000 appointment letters were handed over virtually by him, the Prime Minister said that due to various government schemes like Startup India and Mudra Yojana, several employment opportunities have emerged in the private sector also.

He said in his video address, that even in the government departments, job opportunities have grown in the last 10 years.

With several startups having been established, youngsters in India are not only getting self-employed, but are also providing employment to other youngsters too, Modi added.

He claimed that the world looks at India as a nation with a politically stable and decisive government.

Incidentally, India’s unemployment rate increased in April 2023 to 8.11 percent from 7.8 percent in March 2023.

According to the Centre for Monitoring Indian Economy (CMIE), the unemployment rate in the country has been on an upward trend since the start of the year, as it recorded an increase for the fourth consecutive month in April 2023.

Unemployment rate was 7.14 percent in January 2023. Compared to this, the unemployment rate in April was 0.97 percentage points higher.

Over the past 12 months, the unemployment rate ranged between 6.4 percent and 8.3 percent, averaging at 7.6 percent. Therefore, the unemployment rate of 8.11 percent registered in April was on the higher end of the spectrum, CMIE said in an analysis last month.

Meanwhile the ‘Rozgar Mela’ was held at 43 locations across the country.

The new recruits, who got their appointment letters on Tuesday, joined the government in various departments, including financial services, posts, defence, school education, higher education, revenue and health among others.

[With Inputs from IANS]

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