ORF Report Forecasts Service Sector as Key Job Creator by 2028
.jpg)
ORF Report Forecasts Service Sector as Key Job Creator by 2028 Overview of ORF Report Findings The Observer Research Foundation (ORF) has released a comprehensive report titled 'India Employment Outlook 2030: Navigating Sectoral Trends and Competencies.' The report forecasts a significant increase in overall employment by 22 percent and a decline in unemployment by 97 basis points by the year 2028. Service Sector Driving Job Growth According to the ORF report, the service sector is poised to lead the surge in job creation in India. Each unit rise in services output is expected to contribute to a 0.12 percent increase in employment. This sector is crucial for driving employment growth as India aims to achieve its USD 5 trillion economic milestone. High-Opportunity Sub-Sectors Identified The report identifies ten high-opportunity sub-sectors within the service industry that are expected to experience rapid growth. These include digital services, fin...