Connect with us

News Wire

WHY INDIA’S LABOUR MARKET NEEDS A MIX OF TRADITIONAL AND ALTERNATIVE DATA: CEIC

MUMBAI, India, July 13, 2023 /PRNewswire/ — India has a range of indicators which throw significant light on India’s employment scenario. Traditional indicators like participation rate, unemployment rate and worker population ratio are released in quarterly frequency. We also have a body of rich alternative data in the employment segment in India. In a country with abundant labour, predominantly young working population and large informal sector, there is high importance of both traditional and alternative data for research and analysis purpose. In order to understand employment in India, CEIC offers a great mix of traditional and alternative indicators.

Learn more about CEIC: https://info.ceicdata.com/en-products-india-premium-database

Under formal employment markets, job postings data can be used to supplement the traditional indicators. The Naukri JobSpeak index and the Foundit Insights Tracker (formerly the Monster Employment Index) are both monthly indicators and richly supplement, as an indicator of the job market dynamism in India. Both are based on job listings for the white-collar hirings.

Traditional indicators like the participation rate point to an improvement since June 2022, reaching its highest in Q1 2023, at 38.1%. While the job postings data signal, a slight moderating job market since the beginning of 2023, which attributed to cyclicality. The Naukri JobSpeak Index, averaging around 2,900 between June 2022 and May 2023, remains, above the pre-pandemic levels. The Foundit Insights Tracker, on the other side, has moderated from 292 in February 2023, to 265 in May 2023.

India’s job market also has a much bigger prevalence of informal jobs, which is measured by data from Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). It helps understand the direction of unskilled jobs market. Both work demand and employment generated under MGNREGS have been decreasing since June 2022. Work demand has been experiencing annual declines since June 2021, with a 9.3% year-on-year drop in April 2023. On the other hand, employment generated, in the same month experienced a decline of 27.3% year-on-year. While the average national MGNREGS wage has steadily increased, the labour demand has remained muted, which can be attributed to better rewarding avenues of employment.

India is making progress towards the much-needed formalisation of its extensive labour market, as evidenced by MGNREGS data, available within CEIC. This popular social security program guarantees 100 days of unskilled manual work or equivalent pay to eligible rural households and played a crucial role in supporting vulnerable groups during the COVID-19 outbreak.

Request a demonstration for CEIC: https://www.ceicdata.com/en/ceic-request-a-demo

The current moderation in work demand reaffirms that as the pandemic recedes, a significant portion of the rural population is returning to cities for work. This change can also be attributed to the government and private enterprises implementing various skilling programs, which are driving the formalisation of India’s job market. Informal jobs currently account for the major section of total workforce, and increased formalisation will contribute to sustaining the economic growth.

Read more about MGNREGS: https://info.ceicdata.com/mgnregs-data-reveals-indias-quiet-shift-towards-formalising-rural-jobs

About CEIC

CEIC is an ISI Emerging Markets’ macroeconomic, industry and financial data platform that curates the highest quality and most timely economic data from traditional and high frequency alternative sources enabling economists and investment professionals to understand the development and near real time performance of the markets they cover.

Data is available for over 200 countries and territories but with a specific focus on emerging markets through deep country-specific databases. High frequency and alternative datasets supplement traditional data sources to provide early insight into what is happening now to facilitate the best possible investment and strategic decision-making for clients.

Connect with CEIC: https://www.ceicdata.com/en/contact_us.html

Photo – https://oyefilmy.com/wp-content/uploads/2023/07/why-indias-labour-market-needs-a-mix-of-traditional-and-alternative-data-ceic-1.jpg

Logo – https://oyefilmy.com/wp-content/uploads/2023/07/why-indias-labour-market-needs-a-mix-of-traditional-and-alternative-data-ceic-2.jpg

 

Cision View original content to download multimedia:https://www.prnewswire.com/in/news-releases/why-indias-labour-market-needs-a-mix-of-traditional-and-alternative-data-ceic-301876239.html

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

News Wire

Jameson Connects & Crepdog Crew Celebrate Subcultures with Limited-Edition Capsule

Celebrating community, creativity, and self-expression through a limited-edition drop inspired by India’s most vibrant subcultures.

MUMBAI, India, June 4, 2025 /PRNewswire/ — Jameson Connects joins forces with India’s largest sneaker and streetwear retailer, Crepdog Crew, to launch a one-of-a-kind limited-edition capsule that celebrates the spirit of counterculture in India. The collaboration is being launched under Jameson Connects – Jam Studio, a culture and community-driven collaborative space, which brings together creative minds to help explore a fresh artistic landscape.

Rooted in the dynamic street and creative scenes of India, Jameson Connects and Crepdog Crew have come together to spotlight authentic voices and celebrate self-expression from the ground up. Inspired by bomber jacket patch culture, the drop reinterprets the spirit of individuality and identity through a distinctive camo-style shacket with interchangeable patches, designed to be a canvas for personal storytelling. Complementing the shacket are a tote bag and mug, completing a bold and collectible capsule collection.

Ayush Kalra pays homage to the tattoo scene, Vijaya Aswani captures the dynamic energy of skateboarding, Jayesh Joshi channels the freedom of the biking community, and Siddhartha Iyer brings alive the rhythm and soul of music.

Anchit Kapil, Co-founder and CEO, Crepdog Crew, said, “Subcultures shape the streets long before trends catch up. At Crepdog Crew, we’ve always built spaces—physical and creative—for the community to thrive. This shacket is our way of putting that truth on fabric—a celebration of individuality, identity, and the scenes that give cities their soul. With Jameson Connects, we’ve created more than a drop—we’ve created a canvas for the culture.”

Mo Joshi, Co-founder of Azadi Records, Culture partner for Jameson Connects, said, “Real culture grows where community thrives. Jameson Connects has always been about championing grassroots voices and giving artists a platform to be seen, heard, and celebrated. This collaboration with Crepdog Crew isn’t just about merch—it’s about movement.”

The drop celebrates the power of creative collaboration through art, music, and community-first experiences.

About Jameson Connects

Powered by Jameson Ginger Ale, Jameson Connects is a community-first platform for India’s creative voices. Through verticals like Jam Pad, Jam Stage, Jam Studio, and Jam Radio, it brings together culture-shaping individuals and subcultures to collaborate, co-create, and connect.

About Azadi Records

Azadi Records is a progressive Indian music label spotlighting thought-provoking hip-hop across regional languages and subcultures. Since 2017, it has given voice to the unheard, pushing the boundaries of what Indian music can be.

For press inquiries, please contact:

Shefali Bhatia, PR Pundit Havas Red | shefali.bhatia@prpundithavasred.com | +91 9821821032

Sanjana Jhawar, PR Pundit Havas Red | sanjana.jhawar@prpundithavasred.com | +91 7023080670

Photo: https://oyefilmy.com/wp-content/uploads/2025/06/jameson-connects-crepdog-crew-celebrate-subcultures-with-limited-edition-capsule-2.jpg

 

Cision View original content to download multimedia:https://www.prnewswire.com/in/news-releases/jameson-connects–crepdog-crew-celebrate-subcultures-with-limited-edition-capsule-302472881.html

Continue Reading

News Wire

Jameson Connects & Crepdog Crew Celebrate Subcultures with Limited-Edition Capsule

Celebrating community, creativity, and self-expression through a limited-edition drop inspired by India’s most vibrant subcultures.

MUMBAI, India, June 4, 2025 /PRNewswire/ — Jameson Connects joins forces with India’s largest sneaker and streetwear retailer, Crepdog Crew, to launch a one-of-a-kind limited-edition capsule that celebrates the spirit of counterculture in India. The collaboration is being launched under Jameson Connects – Jam Studio, a culture and community-driven collaborative space, which brings together creative minds to help explore a fresh artistic landscape.

Rooted in the dynamic street and creative scenes of India, Jameson Connects and Crepdog Crew have come together to spotlight authentic voices and celebrate self-expression from the ground up. Inspired by bomber jacket patch culture, the drop reinterprets the spirit of individuality and identity through a distinctive camo-style shacket with interchangeable patches, designed to be a canvas for personal storytelling. Complementing the shacket are a tote bag and mug, completing a bold and collectible capsule collection.

Ayush Kalra pays homage to the tattoo scene, Vijaya Aswani captures the dynamic energy of skateboarding, Jayesh Joshi channels the freedom of the biking community, and Siddhartha Iyer brings alive the rhythm and soul of music.

Anchit Kapil, Co-founder and CEO, Crepdog Crew, said, “Subcultures shape the streets long before trends catch up. At Crepdog Crew, we’ve always built spaces—physical and creative—for the community to thrive. This shacket is our way of putting that truth on fabric—a celebration of individuality, identity, and the scenes that give cities their soul. With Jameson Connects, we’ve created more than a drop—we’ve created a canvas for the culture.”

Mo Joshi, Co-founder of Azadi Records, Culture partner for Jameson Connects, said, “Real culture grows where community thrives. Jameson Connects has always been about championing grassroots voices and giving artists a platform to be seen, heard, and celebrated. This collaboration with Crepdog Crew isn’t just about merch—it’s about movement.”

The drop celebrates the power of creative collaboration through art, music, and community-first experiences.

About Jameson Connects

Powered by Jameson Ginger Ale, Jameson Connects is a community-first platform for India’s creative voices. Through verticals like Jam Pad, Jam Stage, Jam Studio, and Jam Radio, it brings together culture-shaping individuals and subcultures to collaborate, co-create, and connect.

About Azadi Records

Azadi Records is a progressive Indian music label spotlighting thought-provoking hip-hop across regional languages and subcultures. Since 2017, it has given voice to the unheard, pushing the boundaries of what Indian music can be.

For press inquiries, please contact:

Shefali Bhatia, PR Pundit Havas Red | shefali.bhatia@prpundithavasred.com | +91 9821821032

Sanjana Jhawar, PR Pundit Havas Red | sanjana.jhawar@prpundithavasred.com | +91 7023080670

Photo: https://oyefilmy.com/wp-content/uploads/2025/06/jameson-connects-crepdog-crew-celebrate-subcultures-with-limited-edition-capsule-1.jpg

 

Cision View original content to download multimedia:https://www.prnewswire.com/in/news-releases/jameson-connects–crepdog-crew-celebrate-subcultures-with-limited-edition-capsule-302472881.html

Continue Reading

News Wire

Jameson Connects grooves to Grammy winner Anderson .Paak in Mumbai

An intimate celebration of music, culture, and community, also featured Seedhe Maut and Shekhinah

MUMBAI, India, June 4, 2025 /PRNewswire/ — Music lovers in Mumbai were treated to an unforgettable evening as Jameson Connects brought its signature global experience, Distilled Sounds, to India’s cultural capital with an electrifying night of rhythm, soul, and connection. Headlining the showcase was none other than Grammy Award-winning artist Anderson .Paak as DJ Pee .Wee, who took over Famous Studios, Mumbai, for a high-voltage, electrifying up-close performance that brought unmatched energy to this thrilling chapter of Jameson Connects.

DJ Pee .Wee, the dynamic alter ego of Anderson .Paak, delivered a high-energy DJ set that showcased his impeccable taste and versatility behind the console. Known for his genre-blending sound that merges hip-hop, soul, funk, and R&B, Anderson .Paak additionally treated audiences to an intimate live performance towards the end, captivating them with his rich musicality and vibrant presence.

Adding to the evening’s vibrant soundscape was a duo who need little introduction — Seedhe Maut. Fresh off the release of their eighth project DL91 FM, the genre-defying Delhi-based icons brought their razor-sharp lyrics and explosive live energy. Joining them was South African powerhouse Shekhinah, celebrated for her soulful vocals and signature fusion of R&B and pop. Together, they formed a thrilling trifecta of artistry that embodies Jameson’s spirit of fearless creativity and community.

With each edition, Jameson Connects continues to raise the bar in crafting immersive cultural experiences that merge music, community, and creativity. Known for spotlighting boundary-breaking talent from around the world while championing local voices, the platform has become a space where global artistry meets homegrown expression. The upcoming Mumbai showcase is set to be no different-an intimate yet high-impact gathering that celebrates the spirit of connection, the power of live performance, and the magic that unfolds when diverse creative energies come together under one roof.

More than just a music event, Jameson Connects delivered a curated celebration of culture, community, and connection. From eclectic pop-ups by homegrown brands to vibrant F&B experiences and the thoughtfully curated zones, every element is designed to spark conversations and camaraderie.

Stay tuned for what’s next from Jameson Connects.

Link: https://www.instagram.com/jameson_alwaysintomixin?igsh=eGszaTBsNTV5N2Yx

Photo: https://oyefilmy.com/wp-content/uploads/2025/06/jameson-connects-grooves-to-grammy-winner-anderson-paak-in-mumbai-1.jpg

 

Cision View original content to download multimedia:https://www.prnewswire.com/in/news-releases/jameson-connects-grooves-to-grammy-winner-anderson-paak-in-mumbai-302472876.html

Continue Reading

Trending