India rebuts Citigroup’s report on jobs

New Delhi: The government on Monday refuted the Citigroup report that claims sufficient jobs are not being created in India, saying it fails to consider the positive trends and comprehensive data from official sources.

The Ministry of Labour and Employment has cited detailed data which are in the public domain to contradict Citigroup’s claim.

“The recent research report by Citigroup on Employment in India quoted by some of the print and electronic media, which forecasts that India will struggle to create sufficient employment opportunities even with a seven per cent growth rate, fails to account for the comprehensive and positive employment data available from official sources such as the Periodic Labour Force Survey (PLFS) and the Reserve Bank of India’s KLEMS data,” an official statement said.