Tight slap to those who question Modi Govt on Jobs creation! CII Survey reveals MSMEs added a whopping 6 Crore jobs in last 4 years

Those who always attack PM Modi and his Government on jobs and question him where are the jobs should have a look at the survey carried out by Confederation of Indian Industries (CII).

As per survey Modi government generated 1.49 crore jobs per year in MSME sector. That’s a whopping 6 crore jobs in the last 4 years. Small and medium enterprises have shown 13.9% increase in net jobs in last four years i.e. at the rate of 3.3% per annum.

“Given that the total workforce size according to the labour bureau is estimated at 450 million (projected for 2017-18), the overall job additions work out to 13.5 – 14.9 million per annum,” CII said in the survey which it claims to be the largest ever in recent times covering 105,347 MSME firms.

The states of Maharashtra, Gujarat and Telangana created the highest number of jobs in the MSME sector while in the case of exporters Maharashtra, Tamil Nadu and Telangana have emerged as the top three states
As per the survey, last four years have seen sectors like hospitality and tourism, textiles and apparel and metal products generating more jobs while machinery parts and transport & logistics were the next significant job creators.

“The survey also indicates optimism on higher growth expectations on employment for the next three years, which emanates from the fact that the government initiatives like the 2% interest rate subvention given to all MSMEs and trade receivables e-discount”.

The survey has indeed thrown up the most promising outcomes. There is a very healthy growth in employment among the MSME segment of industry and with the kind of disruptions and innovations that are likely to sweep through industry in terms of new technologies and practices, our skills development front is also undergoing rapid changes,” Rakesh Bharti Mittal, president, CII said.

Earlier EPFO survey has also revealed the country has created 2 crore jobs in the last 16 month. Central Statistics Organization (CSO) has released the data of subscribers of social security schemes like Employees Provident Fund Organization (EPFO) and Pension Fund Regulatory Development Authority (PFRDA) and Employee State Insurance Corporation

This is a tight slap on all those who tries to downturn Modi Government efforts of job creation by creating a false narrative of No Jobs