Out of all those who took loans under Mudra, over 35 million youth were first-time entrepreneurs, says PM Modi
In total, as many as 61,81,943 jobs were created during September 2017 to July 2018 period, the payroll data showed
Khadi and village industries products saw record sales worth Rs 520 billion and in the year 2017-18
Since 2016, the government has been running with several schemes to incentivise employers to create new formal jobs
Job creation in the organised sector rose two-fold to 136,000 in July-September 2017 compared to the previous quarter, largely driven by an uptick in the manufacturing sector, latest official estimates showed.In comparison, job creation stood at 64,000 in April-June 2017 and at 32,000 in the July-September period last year, according to the Labour Bureau's quarterly report on employment.The Labour Bureau conducts an establishment-based job survey in eight sectors - manufacturing, construction, trade, transport, education, health, accommodation and restaurants, and information technology. These constitute 81 per cent of the total number of factories in the country employing at least 10 workers. In manufacturing sector, 89,000 jobs were created compared to a job loss of 87,000 in the previous quarter and job creation of 24,000 in the same period last year.In the September-ended quarter, there were job losses witnessed in the construction sector alone with a contraction of 22,000 jobs. ..
As per EPFO data, over one crore new accounts were added in 2017 to the 45 million members of the organisation
Indian job landscape is in transitionary phase, thanks to emerging technologies and by 2022, 9 per cent of the country's 600 million estimated workforce would be deployed in new jobs that do not even exist today, says a report. According to the FICCI-Nasscom & EY report, there would be a job slowdown for the next two years as companies struggle to restructure their business models, and by 2022, the entire job landscape would undergo drastic change. The report that highlighted the impact of globalisation, demographics, and exponential technologies on job landscape said by 2022, 9 per cent would be deployed in new jobs that do not exist today, while 37 per cent would be in jobs that have radically changed skill sets. Jobs of 21 per cent of workforce in 2017 would face "existential threat", the report noted. "The adoption of exponential technologies is disrupting industries by creating new markets and India is at the cusp of this change," said Anurag Malik ...
They create large new markets through low prices and rapid employment opportunities; needed policy interventions to tap their potential
E-commerce is a good example of how technology-driven innovation can create jobs
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