India's unemployment rate to decline by 97 basis points by 2028: ORF report

India's unemployment rate is expected to drop by 97 basis points by 2028, as per a recent report by the Observer Research Foundation (ORF). The India Employment Outlook 2030 report forecasts a decrease from 4.47 percent in 2024 to 3.68 percent in 2028, aligning with India's push towards the USD 5 trillion milestone. The report highlights that India's job market is evolving, boosted by the country's rapid economic growth post the Covid-19 pandemic.