May 8 (BNP): India’s workforce is steadily moving away from agriculture as manufacturing and service sectors continue to create more employment opportunities, according to a recent SBI Research report based on the latest PLFS data.
The report noted that agriculture’s share in the country’s workforce has declined significantly over the past few decades, highlighting a gradual structural transformation in India’s economy. While agriculture employed nearly 66 per cent of workers in 1987-88, the figure has fallen to around 43 per cent in 2023-24.
At the same time, sectors such as manufacturing, construction, retail, logistics, and services are gaining momentum and absorbing a larger share of the labour force. The shift reflects India’s growing industrialisation, urbanisation, and changing economic priorities.
According to the report, government initiatives focused on manufacturing growth, infrastructure expansion, and domestic production are supporting the transition. Increased investments, digital adoption, and rising demand across industries are also contributing to new job creation beyond the agricultural sector.
Experts believe the changing employment pattern signals a positive long-term trend for the economy, as workers gradually move towards sectors with higher productivity and income potential. However, agriculture continues to remain an important source of livelihood for millions, especially in rural India.
The report added that continued focus on skill development, industrial growth, and employment generation will be essential to support the evolving workforce and ensure inclusive economic progress in the years ahead.
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