Under Modi Govt, Only 3.32 Lakh MSME Jobs Created in Four Years: CII Report
In the three years ending in 2014-15, over 11 lakh jobs were created in the sector under the UPA, according to govt data.
A survey by Confederation of Indian Industry (CII) has revealed that in the last four years, only 3.32 lakh jobs were created in the Micro, Small and Medium Enterprises (MSME) sector.
The Hindu reported that according to the data provided by the government’s Ministry of Micro, Small & Medium Enterprises for an earlier period, 11,54,293 jobs were created in the three years ending 2014-15 in the sector.
The CII survey reports reportedly shows that Maharashtra, Gujarat, and Telangana accounted for over 50 per cent of the jobs created in 2015-16 to 2018-19, reported The Hindu.
The survey findings reportedly said, “The concentration in terms of geographic dispersion of jobs created was also noticeable, with three States — Maharashtra (29%), Gujarat (14%) and Telangana (10%) — accounting for 54% of the jobs created in the last four years.”
According to the survey, micro enterprises were the largest job generators, having created 2,40,713 jobs or 73 per cent of the net jobs created in the last four years. 23 per cent of the net jobs created were in small enterprises while medium enterprises created only 4 per cent of the jobs.
The Hindu added that the survey also found that 5,70,804 jobs are expected to be created over the next one year.
The survey covered around one lakh MSMEs.