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The phrase "income generation" is a correct and usable phrase in written English.
It is a broad term referring to the process of generating income from various sources or activities, such as through investments, freelancing, or owning a business. For example, you might say "We are looking for new income generation strategies to secure our long-term financial wellbeing."
Exact(58)
Income generation was an important consideration by the women and their caregivers.
It has to be about income generation".
"But we haven't had job growth and income generation.
One project focused on income generation for locals.
Brazil still struggles to create real alternatives of income generation and decent employment for all citizens.
Communities also receive investments for income generation activities, social programmes and supporting local associations.
Solar electrification for irrigation is a new technology intervention to support income generation in rural Africa.
A polio survivor in Jaipur, India uses a handcycle for mobility and income generation.
Income generation as a prior (or parallel) step towards the use of financial services.
Similar(2)
But for now they are mainly sold to local restaurants or distributed to income-generation projects.
Recently, product-service systems (PSSs) have begun attracting attention as income-generation options for manufacturers.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com