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Special Content

Volume-15, 14-20 July, 2018


Vibrant Growth in Jobs in the country on account of healthy pace of economic activity, says Prime Minister Narendra Modi

Prime Minister Shri Narendra Modi has said that the country has seen a vibrant growth in jobs and more jobs have been created in India on account of healthy pace of economic activity. In an interview with Swarajya magazine, PM Modi talked about the aspect of job growth in India. He pointed out that the real problem is not job creation but the statistics that capture the movement. Shri Modi said that more than lack of jobs, the issue is lack of data on jobs. He added that the traditional matrix of measuring jobs is simply not good enough to measure new jobs in the new economy of New India. Quoting official figures, he said that more than 41 lakh formal jobs were created from September 2017 to April 2018 based on EPFO payroll data. Accordingly, more than 70 lakh jobs were created in the formal sector last year. He added that job creation in the formal sector can have a spin off effect on job creation in the informal sector too. The Prime Minister gave figures from the improved economic and investment climate in the country to convey the message that more jobs were created.  He said that India had around 66 lakh registered enterprises from independence till July last year. In just one year, 48 lakh new enterprises got registered. More than 12 crore loans have been given under Mudra. More than one crore houses have been constructed in the last one year. Road construction has more than doubled per month.

A recent international report showed how quickly poverty in India is declining. He concluded convincingly that so much economic activity is not possible without people having jobs. We have data put out by State Governments on employment. Now, if states are all creating good numbers of jobs, is it possible that the country is not creating jobs?," he added.

-DD News