Releasing a report on India’s Services Sector: Insights from Employment trends and State-Level Dynamics on Tuesday, NITI Aayog said services employment rose to 29.7% in 2023-24 compared to 26.9% in 2011-12 with 40 million jobs created in the last six years. However, it still lags the global average of 50%, reflecting a slower structural transition, it said, suggesting the need for structural reforms, fast-tracking social protection, digitising informal worker registration and formalising care services to boost formal employment in the services sector.
