Karnataka Jobs Report 2022-23
Karnataka is one of the fastest-growing and largest state economies, with a per capita GSDP of INR 3.05 lakh in fiscal 21-22. The state's economic growth is reflected in high job creation. Karnataka's net formal employment generation from September 2017 to November 2022 was 67.94 lakh, according to an analysis of the Employees Provident Fund Organisation (EPFO) and Employees State Insurance Corporation (ESIC) monthly data. Even though Karnataka holds just 4.75% of India's total population, the state accounts for a much higher percentage of net formal jobs added in the last five years, as reflected in EPFO payroll and the ESIC member database, the second highest after Maharashtra.
The report offers comprehensive recommendations to the Karnataka government regarding formalising jobs.