India’s job market has regained its dynamism in 2025. The latest data from the HSBC India Purchasing Managers’ Index (PMI), compiled by S&P Global Market Intelligence, shows the employment index at 53.8 in the first ten months of this year — up from 52.5 during the same period last year. This rise reflects renewed hiring strength across both manufacturing and services sectors, indicating not just recovery but sustained economic confidence.
Corporate leaders, economists, and employment data all point in one direction — India’s job market is growing steadily under the Modi government. “We have seen stronger hiring momentum through 2025. Between January and September, our recruitment has remained robust,” said Vimal Kejriwal, MD and CEO of KEC International, which added more than 1,500 professionals in the first half of FY26. The company’s workforce has grown by nearly 13% compared to last year.
Vedanta Group has also expanded hiring by 15–18%. “Vedanta’s hiring momentum continues to rise in tandem with our business growth, driven by large-scale project execution and new investments,” a spokesperson said. The company’s diversification into green energy, digital technology, and advanced manufacturing has further boosted job creation.
This revival in hiring is the direct outcome of the Modi government’s long-term reforms and growth-oriented governance. Lower GST rates, slowing inflation, affordable interest rates, and continued capital expenditure have spurred consumption and investment. Bank of Baroda Chief Economist Madan Sabnavis noted, “Hiring is taking place at larger companies, which is a positive sign — and hopefully this can be retained.”
Data from HSBC and S&P Global reveal an across-the-board improvement. In manufacturing, the employment index rose from 52.4 in 2024 to 53.8 this year, while services also climbed from 52.5 to 53.8. Even official figures like labour force participation show an uptick — LFPR stood at 55.3% in September, a five-month high.
Economists credit the government’s tax cuts and fiscal stability for the surge. Gaura Sengupta, Chief Economist at IDFC First Bank, said, “With GST and income tax cuts, urban demand will pick up, leading to a clear improvement in employment. Once companies see increased demand, they tend to hire more.”
In 2014, before the Modi government took charge, India’s employment index was around 48–49 — barely above neutral. Over the past decade, India has transformed that stagnation into sustained growth. Flagship programs like Make in India, Digital India, Production-Linked Incentives (PLI), Atmanirbhar Bharat, and infrastructure investments worth lakhs of crores have built a strong foundation for job creation.
Yet, opposition leaders like Rahul Gandhi repeatedly claim that “India is facing a job crisis” and that “the youth are jobless.” These sweeping statements ignore hard data. The latest PMI numbers, strong hiring at major companies, and rising labour participation expose the hollowness of such claims. The Modi government’s track record in employment generation is a direct slap on the false narratives propagated by opposition parties that thrive on misinformation and negativity.
The problem isn’t lack of jobs — it’s lack of acknowledgment. India’s economy has been creating new-age opportunities in green energy, digital services, logistics, and infrastructure — sectors that didn’t exist in the same breadth a decade ago. From Tier-1 cities to emerging industrial clusters, millions of Indians are finding work in formal, skilled, and high-growth areas.
“The strength of job creation in India’s private sector reflects robust sales performance, forward planning, and efforts to ensure capacity for future demand,” said Pollyanna De Lima of S&P Global Market Intelligence. It’s clear that hiring trends mirror a confident economy — one driven by reforms and not rhetoric.
The government’s consistent focus on ease of doing business, macroeconomic stability, and capital formation continues to deliver results. Infrastructure growth, manufacturing expansion, and technology-led productivity gains are now the biggest job creators.
As KEC’s Kejriwal summed up, the momentum is here to stay. “The uptick in hiring is driven by a healthy order book, strong investments, and growing traction in international markets, particularly in the Middle East.”
For years, opposition parties have tried to paint a picture of despair. But India’s employment index tells a different story — one of confidence, structural reform, and resilience. From 48 in 2014 to 53.8 today, the nation’s job graph has steadily climbed under the Modi government.
Rahul Gandhi’s claims of unemployment have collapsed under the weight of evidence. The data-driven growth of 2025 is not just a number — it’s a testament to India’s unstoppable economic journey. The Modi government isn’t battling a job crisis; it’s building a job-rich, opportunity-driven future — one hiring wave at a time.
