The Pradhan Mantri Viksit Bharat Rozgar Yojana has incentivised over 440,000 new employees and disbursed ₹465 crore to support sustained jobs. But the programme is moving at roughly one-tenth of the initial quarterly target. With global conflicts posing risks to formal hiring, the scheme’s goal of creating 35 million jobs by July 2027 looks under pressure.
A FED report released Thursday argues that India’s high minimum wage floors are slowing down the creation of formal jobs. It says workers should be able to negotiate wages freely, while the government should allow regional flexibility in the national floor wage to reflect local realities and avoid shutting out poorer states from formal employment growth.
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