, 11 tweets, 5 min read Read on Twitter
There is a debate on job creation and it is a welcome development. Better to debate on real issues instead of the serial manufacturing of fake news that Congress has been indulging in for months. The record of Modi government would come out very well. 1/10 #HowsTheJobs
Data Set 01: Pradhan Mantri Rozgaar Protshaan Yojana (PMRPY): Launched in 2016. Govt pays full employer's contribution of EPF and pension for NEW JOBS CREATED (with salary up to Rs. 15,000 per month) after 1st April 2016. This figure is now 1 CRORE plus. 2/10 #HowsTheJobs
Data Set 02: Jobs in transport sector: This is the trend of vehicle sales. Most vehicles sold create jobs. A taxi creates jobs (think of Ola and Uber etc). So does tractor or truck. Even passenger vehicles. New jobs created in last four years -over 1.4 crore. 3/10 #HowsTheJobs
Data Set 03: Jobs in Professional sector: Non corporate professional sector (CAs, lawyers) also create large number of jobs (unit size less than 20 hence non EPFO data). As per records this sector added 8 lakh jobs each year. Last 5 years - almost 40 lakhs. 4/10 #HowsTheJobs
Data Set 04: Formal sector job: EPFO data is the most real as has identified accounts where monthly money is getting deposited. Robust methodology followed to identify new jobs created . FY 2017-18 and current fiscal - more than 1.3 Crore jobs added. 5/10 #HowsTheJobs
Data Set 05: Entrepreneurial jobs: Mudra has funded more than 15 crore people. More than 4 crore of these are FIRST TIME ENTREPRENEURS. Each entrepreneur would create at least one more job? Mudra alone has created at least 4-6 crore NEW FIRST TIME JOBS. 6/10 #HowsTheJobs
Data Set 06: As per NASSCOM report 2018, the sectors of IT-BPM, Automotive, Retail and Textile and Apparel have alone created almost 1.4 crore new jobs between 2014-18. 7/10 #HowsTheJobs
Data Set 07: Tourism and hospitality sector have added 1 crore jobs in last 4-.5 years. The explosion in construction sector-roads, railways, ports, airports-each are manual intensive and cannot happen without new jobs. Estimated almost 1 crore new jobs in this. 8/10 #HowsTheJobs
If we sum up - formal sector (unit size more than 20), transport sector, Pradhan Mantri Rozgaar Yojana, non-corporate professional sector, entrepreneurs, construction sector, tourism, hospitality, retail, and so on - total new job creation is in many cores. . 9/10 #HowsTheJobs
Jobs debate in 2019 is qualitatively different from 2014. Dismal growth and high inflation had created joblessness which reflected in people coming on streets. Today is anyone on streets? Think why? Because people are gainfully employed. That is the difference.10/10 #HowsTheJobs
On multiple suggestions, I have converted this tweet series into a Facebook Note. here is one post which has multiple data points which point out to a significant and qualitative up turn in in the Modi government when it comes to new jobs creation: facebook.com/notes/akhilesh…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Akhilesh Mishra
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!