Day: March 27, 2024

In a sobering revelation, the India Employment Report 2024, a collaborative effort between the esteemed International Labour Organization (ILO) and the Institute for Human Development (IHD), has cast a glaring spotlight on the alarming state of unemployment in the country, particularly among its youth. The report, unveiled by Chief Economic Adviser (CEA) V Anantha Nageswaran, paints a troubling picture, indicating that a staggering 83% of India’s unemployed populace comprises young individuals, marking a crisis that demands urgent attention and concerted action. The Alarming Rise of Educated Youth Unemployment One of…

In a historic shift, Mumbai has dethroned Beijing to become Asia’s billionaire capital for the first time, securing a spot among the world’s top three wealthiest cities. According to the 2024 Hurun Global Rich List the combined wealth of Indian billionaires has skyrocketed to an astounding $1 trillion, surpassing China’s average billionaire wealth per person. Leading this surge is Gautam Adani, the visionary behind the Adani Group, who experienced a remarkable gain propelling him to the 15th position in the global rankings. the United States remains at the forefront with…