Significant decline in job growth in FY24, IT and Textile sector labelled 'job destroyers': BoB report

New Delhi [India], August 22 (ANI): India Inc. saw a significant slowdown in employment growth, with an increase of just 1.5 per cent in FY24, compared to a 5.7 per cent rise in FY23, according to a report by Bank of Baroda.

The report highlighted that only 90,840 jobs were added in FY24, a sharp decline from the 3.33 lakh jobs created in the previous year. By March 2024, the total employment across 1,196 companies reache