हिंदी समाचार पढ़े
Expand
O.P. Jindal Global University
 
Home / Corporate Law News / CII survey claims MSMEs created 14% more jobs in last years

CII survey claims MSMEs created 14% more jobs in last years

March 9, 2019:

There is an expectations of higher growth on employment for the next three years.

Employment
Employment                           pic by times

Job creation by the micro, small & medium enterprises (MSMEs) sector saw a growth of 13.9 percent in the past four years, claims an industry survey.

The findings are contrary to the official & other industry data which show that there was massive job losses since the the note-bank & GST implementation in this very sector.

While private sector economic think-tank has found that as many as 13 million jobs were lost in 2018 alone, the official NSSO data show that unemployment rate touched a 46- year high in 2018.

According to a CII survey among over 1 lakh MSMEs, there has been a 13.9 percent increase net jobs additions (or 3,32,394 new jobs created), over the past four years, which is a 3.3 percent increase per annum in these four years.

The survey, that covered 1,05,347 MSMEs of varying sizes, across sectors, located in about 350 industrial centres spread across the country, indicates that micro enterprises were the largest job creators in the past four years & will continue to be so in the next three years.

The put the findings in context, the survey mapped the jobs figures against publicly available macro-level data sourced from the Labour Bureau (for total workforce).

“Given that the total workforce size according to the Labour Bureau is estimated at 450 million, the overall job additions work out to 13.514.9 million per annum,” it said.

The top job generating sectors were hospitality & tourism followed by textiles & apparel & metal products, during the past four years. Machinery parts & transport & logistics were the next significant job creators, it showed.

In terms of states, Maharashtra, Gujarat & Telangana were the largest job creators, while in case of exporters, Maharashtra, Tamil Nadu & Telangana topped.

“There is an expectations of higher growth on employment for the next three years,” the survey said.

This optimism emanates from the fact that government initiatives like the 2 percent interest subvention given to all MSMEs & trade receivables e-discounting system (TReDS) would drive future growth leading to more employment, the report said.

Source Link

Facebook Comments

 
Related tags :
 

TOI

Soaring of Oil Prices pic by indiaone Belts are for Dogs Belts are for Dogs

TOI

Pakistan Democracy Pakistan Democracy

TOI

Hindu

Hindu

Let Justice Be Let Justice Be ALL_1_Theme_01A_24_2383617g

Hindu

Auto Driver thrashed for no fault Auto Driver thrashed for no fault,                  source oneindia Delivery Boy Delivery Boy                    by Satish

TOI

TOI Pic by Hindu Women Empowerment and Sports Women Empowerment and Sports

IBN IBN

Hindu Hindu

Hindu Hindu

Four Pillars of Democracy Four Pillars of Democracy             by Satish Missing the Point Missing the Point pic by english blog Hindu State of JudiciaryState of Judiciary by Sandeep Adhwaryu of TOI TOI

...as an eminent lawyer you ought to know that your action tantamount to, under Section B, sub-section G.VIX, read along with I.P.C. (A) XI (B), notwithstanding...                                        TOI

Hindu

Hindu

Painting India Saffron Painting India Saffron Hindu Cartoon

TOI

Demonitisation Diaries 2 Demonitisation Diaries 2  pic by sify Demonitisation Diaries Demonitisation Diaries                                                       by sify UIDAI Leaks UIDAI Leaks

Hindu

Alligator vs Litigator Alligator vs Litigator 150425_-_farmers_a_2384764f

Hindu

America First Walk Your own Talk Humour @ Latest Laws Achhey Din Humour @ Latest Laws: Achhey Din Netas in Election mode Netas in Election mode NPA Hurts Public Sector Banks NPA Hurts Public Sector Banks Hindu

TOI

State of Two Nations State of Two Nations               pic by sandeep [caption id="attachment_97467" align="alignleft" width="621"]Humour with Latest Laws Humour with Latest Laws[/caption]

TOI

TOI Lawyers Bearing the Burden Literally Lawyers Bearing the Burden Literally pic by OMG Hindu Job Hazards If India takes One Step, we will take Two by Satish If India takes One Step, we will take Two ...................by Satish

TOI

TOI

Time to straighten up Time to straighten up                pic by TOI TOI TOI

Hindu

Demonitisation Diaries 1 Demonitisation Diaries 1                                  pic by sify   TOI

Hindu

Hindu Hindu

Hindu

State of Affairs Women Safety: State of Affairs             pic by mangal

Hindu

Donald Trump’s immigration ban Donald Trump’s immigration ban Hindu Hindu Acheche DIn Acheche Din     pic by sify Hindu

pinterest

Tax Reforms    by Hindu Tax Reforms by Hindu
Download our App
ios icon
android icon
 
 
 

Check Also

NCLAT: Company & its Directors to be treated equally while imposing fine for delay in filing Cost Audit Report

March 22, 2019 A bench of Justice S.J. Mukhopadhaya, Chairperson & Justice A.I.S. Cheema, Judicial Member held that the company & the directors have to be treated equally while imposing fine for delay in filing Cost Audit Report. The appeal was ...

Leave a Reply

Your email address will not be published. Required fields are marked *