HomeBusinessIndia creates 15-16 lakh formal sector jobs every month, says Ashwini Vaishnav

India creates 15-16 lakh formal sector jobs every month, says Ashwini Vaishnav

New Delhi: Citing Employees’ Provident Fund Organisation’s data, Union Minister Ashwini Vaishnav has said that on an average 15-16 lakh formal sector jobs are being created every month in India. Lakhs of jobs were created every month in the country.

Union Minister for Railways, Communications, Electronics and Information Technology Vaishnav while addressing a ‘Rozgar Mela’ organized by the Central Reserve Police Force (CRPF) in Ajmer on Tuesday said, “The data is available on the websites of EPFO ​​and Ministry of Statistics.” ,Also Read: 10 Large Companies That Have Made MASSIVE Layoffs Recently,

The provisional payroll data of the Employees’ Provident Fund Organization (EPFO) released last week showed that it has added 16.82 lakh net subscribers in the month of September 2022, a 9.14 per cent increase in net membership as compared to the same month during the previous year. Is. ,Also read: Nothing Phone 1 will get Android 13 soon? Check out what new it brings,

The Ministry of Labor and Employment said that the state-wise payroll data showed that Maharashtra, Gujarat, Uttar Pradesh, Rajasthan, Andhra Pradesh, Odisha and other states showed an increasing trend in net member addition month-on-month. ,

As compared to the monthly average recorded during the previous financial year, the net enrollment during the month is higher by 21.85 per cent. In line with the Centre’s thrust for employment under the Rozgar Mela, Prime Minister Narendra Modi has so far distributed around 146,000 appointment letters to new recruits.

The job fair is expected to act as a catalyst in further employment generation and provide meaningful opportunities to the youth for their empowerment and direct participation in national development.

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