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Update date: July 29, 2025 08:53 IST
new delhi [India]July 29 (ANI): The monthly economic review released by the Ministry of Economic Affairs highlighted that the role of artificial intelligence (AI) and machine learning registered a significant year-on-year (YoY) growth of 42 per cent in June 2025.
The report also said employment in global capability centers (GCCs) also grew by 9% year-on-year, reflecting India's growing role in global service delivery.
“The role of AI and machine learning grew 42% year over year.”
The report further highlighted that new employment recorded a significant 11% year-on-year increase in June 2025, noting that employment opportunities for new entrants have improved.
The overall labor market remained strong, with white-collar employment showing a strong recovery supported by double-digit annual growth.
Formal job creation continues to gain momentum, with the Employees Provident Fund Organization (EPFO) hitting an all-time high in net membership growth in May 2025. EPFO added 20.06 million members in May, the highest monthly figure since it started tracking payroll data in April 2018.
The ministry also cited the findings of the Naukri Jobspeak June 2025 report supporting the revival of India's white-collar job market.
The hiring index rose to 2,854 in June 2025, with a 10.5% year-over-year increase in hiring activity across sectors, cities, and experience levels.
Employment growth was led by the insurance sector, which increased by 32% year-on-year. This is followed by hospitality and travel at 21 percent, BPO and ITES at 19 percent, real estate at 16 percent, oil and gas/power at 15 percent, healthcare at 11 percent, and education and FMCG at 10 percent.
India's manufacturing and services sectors also continued to contribute to job creation. The Purchasing Managers Index (PMI) employment sub-index remained in the expansion zone for the 16th consecutive month.
While employment growth in manufacturing increased, growth in the services sector slowed slightly from the record high level reached in May 2025.
An analysis of EPFO's new subscriber data for May 2025 shows that 59.5% of new members were between 18 and 25 years old, 22.8% were between 26 and 35 years old, and 16.6% were above 35 years of age.
This indicates that a large portion of the organized labor force is made up of young people, who are primarily first-time job seekers.
The report concluded that formal job creation and increased labor force participation reflect the government's consistent efforts to create employment opportunities for an aspiring workforce. (Ani)
