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Good Governance @sri9011
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#Jobs #Facts
🔹In January 2018 a Nasscom report documented creation of jobs in four core sectors: automotive, IT-BPM, retail & textiles.
🔹Between 2014 & 2017 a total of 1.4 crore new jobs created in these 4 sectors alone,with nearly 65 lakh new jobs in just the retail sector.
🔹KPMG: travel & tourism sector is growing at 16% pa and adding 30-40 lakh new jobs every year.
🔹Naukri Job Speak Index, which tracks overall job listing market, is registering 10-16% growth YOY every month validating strong job creation in the organised private sector.
🔹The public sector too has matched the private sector in job creation fuelled by the massive impetus to infrastructure creation.
🔹Between 2011-14, 12,005 km of roads constructed; in 2014-17, the number up by 50% to 18,702 km.
🔹From an average of 345 km of new railway lines being laid between 2009-14, the average between 2014-18 almost doubled to 633 km.
🔹Between 2011-14, only 358 km of broadband lines were laid; From 2014 to 2017 this increased to 2.3 lakh km
🔹The number of active airports has gone up from 75 to almost 100, and the pace of airport construction has dramatically increased.\
🔹With this massive build-out underway, it is self-evident that job creation in the infrastructure sector must have at least doubled.
🔹To date 11.5 cr people have received collateral-free loans under MUDRA of which more than 8 cr are women beneficiaries.
🔹Every new entrepreneur is likely to have created employment also for at least one or two more people.
🔹Modi govt has focussed not just on quantity but also on quality of jobs.
🔹DeMo & GST formalised jobs so that workers are now paid through their bank accounts & get PF & other benefits.Ghosh & Ghosh analysis of EPFO data suggests 70L new formal jobs created every year.
India lacks consistent, accurate, high-frequency data on job creation. Definitive data will only be available in September when Niti Aayog’s quarterly household employment survey will be out. Till then,assemble accurate jobs data from various sources
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