Only 87L applied for 1.09 Cr job vacancies in FY24: Govt Portal NCS

You read that, right.

The total number of government jobs offered was higher than that of government job seekers from 2023-24, as per the National Career Service (NCS), a government-run job portal.

The data revealed that in FY24, 87,27,900 individuals registered as job seekers on the portal against 1,092,4161 vacancies.

In FY23, there were only 34,81,944 vacancies listed. Hence, there has been a 214% increase in job opportunities.

But,

The highest job increment (452%) is for individuals in 10th grade or below. 

A 179% increase for 12th-pass individuals and a 378% increase for ITI and diploma holders. 

It decreases as we move up the ladder, with a 129% increase for graduates and 123% for postgraduates, PhD holders, or PG diploma holders.

The finance and insurance sector had the highest job listings, followed by operations and support, civil and construction, and other service activities.

Government's position:

Senior government officials are crediting the Modi govt's economic growth policies for the sudden increase in job vacancies.

According to ANI, a government official said that the surge in job vacancies signifies higher economic growth. 

Recently, the Union Finance Minister Nirmala Sitharaman was also bullish on India's projected GDP growth of 8% or more in FY24. 

"You had three-quarters of growth above 8 %, and hopefully, the fourth quarter, which ends tomorrow, will also be 8 % or above, resulting in 2023-24 having a GDP growth of 8 % or above," Sitharaman said in a Mumbai press conference on 30 March 2024.

The NCS portal shows an increase of 134% in job listings when compared to previous years, with a total of 46,68,845 vacancies.