Employment increased by 3.31 % year over year in 27 sectors during 2022-23.

According to data released by the RBI on July 8, the total employment in 27 sectors, such as agriculture, trade, and financial services, grew by 3.31 percent from the previous year to reach 59.66 crore in 2022-23. In 2021-22, there were 57.75 crore people employed in the 27 sectors.

According to Reuters, the Reserve Bank reported that the country saw a significant increase of 4.67 crore jobs in the financial year ending in March, surpassing figures from private surveys indicating high unemployment levels in the country. The data from the RBI revealed that the rate of employment growth increased to 6 percent in 2023/24 from 3.2 percent in 2022/23.

The database includes 27 sectors that represent the entirety of the Indian economy. The database also offers these approximations across various sectors (agriculture, manufacturing, and services) and nationwide. In 2021-22, the sector of 'agriculture, hunting, forestry and fishing' saw an increase in employment, with 25.3 crore individuals compared to 24.82 crore previously. Construction, commerce, transportation, and warehousing were some of the top industries when it came to job opportunities.

The RBI stated that the document outlines the methods and approaches utilized in creating India KLEMS database version 2024. PLFS and RBI's KLEMS data show that India has created over 80 million job openings between 2017-18 and 2021-22. In its response, the ministry pointed out that this equates to more than 20 million jobs on average each year, even with the global economy being impacted by the COVID-19 pandemic in 2020-21. This goes against Citigroup's claim that India is unable to create enough employment opportunities.