Employment growth in corporate sector declined to 1.5% in FY24: BoB report

The employment scene in the corporate sector is not too encouraging if the latest data is any indication.

Based on data reported in the balance sheets of a sample of 1,196 companies, the employment growth declined to 1.5 per cent in FY24 as compared with 5.7 per cent in FY23, according to a Bank of Baroda report.