Based On ESIC And EPFO Data, 4.8 Crore Jobs Created In The Last Four Years: PM Modi

Prime Minister Narendra Modi has said that India created over 12 million, or 1.2 crore, jobs every year for the past four years, reports Business Standard.

Addressing a News18 media group event held on 25 February, the Prime Minister quoted Employees’ Provident Fund (EPF) statistics, according to which 5 lakh new subscribers were added every month between September 2017- November 2018 period. Also, Employees’ State Insurance Corporation (ESIC) saw 10,000-11,000 new additions every month in the corresponding period. New additions in these social security schemes reflect the creation of new formal jobs.

“Even if one assumes there is 50 per cent overlap between EPFO and ESIC data, 1 million people joined the formal sector in a month. This means 12 million jobs were created in the formal sector in a year in these four years,” Modi was quoted in the report as saying.

The Prime Minister noted that employment figures in states validated the stable employment situation in the country. While West Bengal government said 900,000 jobs were generated in the state last year, Karnataka affirmed that 5.3 million jobs were created in the last five years. “Is it possible jobs are being created in West Bengal and Karnataka, but not in India?” the Prime Minister asked.

“When international reports are saying poverty in India is reducing at the fastest rate, is it possible people are coming out of poverty without jobs and livelihood?” He further questioned.

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