GDP grew 7.4% in FY26 (advance estimates). Over the same twelve years, formal employment fell from 13.0% to 10.9% of the workforce. Cumulatively, real GDP is up roughly 90%; the formal employment share is down 16%.
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This is one of 36 standing analyses drawn from the Some Perspective dataset. It is not dated commentary: it describes a relationship in the data that holds across the series, and it is regenerated whenever the underlying dataset is refreshed. The figures quoted here reflect the 2026-08-15 data vintage.