India's Unemployment Rate at 2%: Lowest Among G20, Mandaviya Highlights WEF Report

India's labour and employment ecosystem is getting international attention as Union Minister Mansukh Mandaviya revealed that the country's unemployment rate is just 2% the lowest among G20 nations, according to the World Economic Forum's ‘The Future of Jobs Report 2025’.

India Records G20’s Lowest Unemployment Rate at 2%

Speaking on September 8, 2025, Mandaviya cited figures from the World Economic Forum report emphasising that India’s 2% unemployment rate is a sign of strong employment growth driven by economic stability and visionary schemes. The government’s approach through multiple flagship programmes is credited for these results, especially amid global economic uncertainties. Initiatives like the National Career Service (NCS), PM Vishit Bharat Rozgar Yojana (PM-VBRY), and collaborations with private entities like Amazon and Swiggy are aiding employment generation across sectors.

National Career Service and Public-Private Partnerships

The government has enhanced the NCS portal, which now has 5.2 crore registered employers, 5.79 crore job seekers and over 7.22 crore vacancies. It currently houses 44 lakh active vacancies. Recent partnerships with organisations like Quikr and Mentor Together aim to democratise access to employment and mentoring. The integration of 1,200+ cities into its ecosystem ensures that even rural job seekers benefit from real-time job listings.

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₹2 Lakh Crore Scheme Package to Empower 4.1 Crore Youth

Aimed at long-term employment generation, the government has rolled out 5 schemes with a combined budget of ₹2,00,000 crore. The centrepiece, PM-VBRY, is earmarked ₹99,446 crore to generate 3.5 crore new jobs within 2 years, including 1.92 crore positions for first-time job seekers. Skill development and guidance for underserved populations lie at the heart of this strategy.

Focus on Skilling, Self-Employment and Entrepreneurship

Beyond traditional employment, schemes like MUDRA and PM SVANidhi are incentivising entrepreneurial ventures and self-employment. These initiatives align with India’s broader growth across the manufacturing, services, and agriculture sectors. Mentor Together will equip 2 lakh youth in its initial phase with career mentoring through 24,000 professionals nationwide.

Conclusion

India’s declining unemployment rate at 2%, described as the lowest among G20 peers, reflects deliberate policy focus on skilling, employment facilitation, and digital outreach. The synergy between government schemes and private partnerships is proving crucial for inclusive national employment growth.

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